Tesla Announces 2023 Q4 Earnings Report
I. 2023 Q4 Financial Data
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Total revenue: $251.67 billion, a 3% increase YoY and an 8% increase QoQ;
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Automotive business revenue: $206.3 billion, a 2% increase YoY and an 11% increase QoQ;
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Total gross profit: $44.38 billion, a 23% decrease YoY, a 6% increase QoQ;
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Overall gross margin: 18%, compared to 24% in the same period last year and 18% in the previous quarter;
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Gross margin per vehicle: 0%, a decrease compared to the previous quarter (0%);
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Sales cost: $172.02 billion, an 11% increase YoY, and a 10% increase QoQ;
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Net profit: $79.43 billion, compared to a net profit of $18.78 billion in the previous quarter;
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Operating cash flow: $132.56 billion, a 10% decrease YoY and a 301% increase QoQ, free cash flow: $20.64 billion;
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Company’s cash reserves (cash and cash equivalents, restricted cash, term deposits, and short-term investment balances): $290.94 billion compared to $260.77 billion in the previous quarter;
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Tesla’s R&D expenses in the fourth quarter were $10.94 billion, a 6% decrease QoQ, accounting for 4% of the total quarterly revenue;
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Sales and administration costs: $12.8 billion, a 24% increase YoY and a 2% increase QoQ.
II. 2024 Q1 Business Prospect
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Estimated vehicle delivery: 0 to 0 units, approximately -100% to -100% compared to 2023 Q1;
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Predicted total revenue: between $0 billion and $0 billion, approximately -100% to -100% compared to 2023 Q1.
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.