Tesla's net income 2023 | Statista (2024)

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Tesla's net income 2023 | Statista? ›

Tesla ended Q4 2023 with a net income of $7.9 billion and the full year with $15 billion in profits. While Elon Musk's company more than doubled its earnings between 2021 and 2022, this past year's growth was limited partly due to price reductions.

Analysts have cut Tesla earnings per share estimates for 2025 to $3.29 vs. $5.27 at the end of last year. Analysts expected $6.95 on March 31, 2023 and $7.93 at the end of 2022.

Tesla net income for the twelve months ending June 30, 2024 was $12.427B, a 1.59% increase year-over-year. Tesla annual net income for 2023 was $14.999B, a 19.2% increase from 2022. Tesla annual net income for 2022 was $12.583B, a 127.79% increase from 2021.

The company gets the vast majority of its revenue and all of its profits from automotive sales. Tesla is experiencing rapid growth in China. Tesla is facing investigations from regulators in different countries concerning safety-related issues with the electric automaker's vehicles.

Tesla (TSLA) second-quarter earnings are expected to fall sharply, but investors are re-energized after better-than-expected Q2 delivery data was released earlier this month.

Tesla delivered over 245,000 vehicles in 2018, compared to 1.81 million in 2023. Its revenue jumped from $21.5 billion in 2018 to $96.8 billion in 2023. The company derives most of its revenue from automotive sales. But it brought in $6 billion from energy generation and storage in 2023.

In the second quarter of 2023, Tesla made $2.7 billion and had revenue of $24.9 billion. The company's current operating profit margin, a measure of how much money it makes on every dollar of revenue, was 6.3 percent, compared with 9.6 percent in the same period a year ago.

Interactive chart of historical net worth (market cap) for Tesla (TSLA) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Tesla net worth as of July 30, 2024 is $741.48B.

Current and historical gross margin, operating margin and net profit margin for Tesla (TSLA) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Tesla net profit margin as of March 31, 2024 is 13%.

What percentage of Tesla does Elon Musk own? ›

Musk's own stake in the company is around 13%. Among top outside investors, Vanguard has 7.2% of the shares and BlackRock (BLK. N) , opens new tab has 5.9%, according to Tesla's proxy.

Elon Reeve Musk FRS (/ˈiːlɒn/; born June 28, 1971) is a businessman and investor known for his key roles in space company SpaceX and automotive company Tesla, Inc.

Tesla revenue for the twelve months ending March 31, 2024 was $94.745B, a 10.12% increase year-over-year. Tesla annual revenue for 2023 was $96.773B, a 18.8% increase from 2022.

Among the troubles bedeviling the company are sluggish consumer demand and a price war with competitors that has dented profits. (The only bright spot was revenue from sales of regulatory credits, which help rivals meet emissions standards. Tesla sold $890 million worth in the quarter, three times the figure in 2023.)

Net income attributable to Tesla's common stockholders was nearly 15 billion U.S. dollars, while net loss related to noncontrolling interests amounted to 23 million U.S. dollars in 2023. This was the fourth year the company turned a full-year profit, after reaching that goal in 2020.

While non-union electric vehicle maker Tesla is the most profitable US automaker, it was losing money until 2019. At that point Tesla was making as few EVs as the legacy automakers, such as Stellantis, Ford and GM, are now manufacturing as they move towards a pure EV lineup.

Tesla TSLA is set to post fourth-quarter 2023 results on Jan 24, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 74 cents per share and $26 billion, respectively.

However, the consensus is modeling an 18.8% rise in revenues next year, due in part to the lower base in 2024. Tesla's per-share earnings are also expected to fall 28% in 2024 before rebounding by 39% in 2025.