Tesla, Inc.

TSLA
Sector

Consumer Discretionary

Industry

Auto Manufacturers

Market Cap

$1.13T

Employees

140.5K

Company Overview

Tesla designs, develops, manufactures, sells, and leases high-performance electric vehicles, along with energy generation and storage systems. Tesla sells its products directly to consumers through a network of showrooms, service centers, and charging stations, and emphasizes performance, safety, and technological innovation, including autonomous driving capabilities.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenue for the six months ended June 30, 2024, reached $46.80 billion, marking a 3% decrease compared to the $48.26 billion in the same period of 2023. This decline is attributed to strategic price reductions and attractive financing options implemented to maintain competitiveness.

Automotive sales for the six months totaled $34.99 billion, down 11% year-over-year. This reflects the impact of lower average selling prices and production adjustments, including a production ramp for the updated Model 3 and shutdowns at Gigafactory Berlin-Brandenburg.

Despite the revenue decline, Tesla reported a net income of $2.61 billion for the six months ended June 30, 2024. This is a positive indicator of the company's financial health and operational efficiency.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

No information related to ESG initiatives found in the provided 10-Q excerpt

Market Environment

3 Insights