Tesla Releases 2023Q3 Earnings Report
I. 2023Q3 Financial Data
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Total revenue of $23.35 billion, an increase of 9% YoY, and a decrease of 6% QoQ;
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Automotive revenue of $18.582 billion, an increase of 4% YoY, and a decrease of 9% QoQ;
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Total gross profit of $4.178 billion, a decrease of 22% YoY, and a decrease of 8% QoQ;
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Overall gross margin was 18%, compared to 25% for the same period last year, and 18% in the last quarter;
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Per vehicle gross margin 0%, down from the previous quarter’s (0%);
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Sales cost $15.656 billion, an increase of 20% YoY, and a decrease of 7% QoQ;
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Net profit of $1.878 billion compared to $2.614 billion in the previous quarter;
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Operational cash flow of $3.308 billion, a decrease of 35% YoY, and an increase of 8% QoQ, free cash flow $0.848 billion;
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Company cash reserves (cash and cash equivalents, restricted cash, time deposits and short-term investment balance) at $26.077 billion, compared with $23.075 billion in the previous quarter;
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Tesla’s R&D expenditures for the third quarter amounted to $1.161 billion, an increase of 23% QoQ accounting for 5% of total quarterly revenue;
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Sales and administrative expenses amounted to $1.253 billion, an increase of 30% YoY, and an increase of 5% QoQ.
II. 2023Q4 Business Forecast
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Anticipates vehicle deliveries of 0 to 0 units, approximately -100% to -100% compared to 2022Q4;
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Expects total revenue to be between $0 billion and $0 billion, approximately -100% to -100% compared to 2022Q4.
This article is a translation by AI of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.