Executive Summary
In Q2 2023, Tesla Inc (TSLA) achieved record revenue of $24.9 billion, a 47.2% year-over-year (YoY) increase and a 6.85% quarter-over-quarter (QoQ) growth. The company's commitment to increasing vehicle affordability amidst high-interest rates led to a healthy operating margin of 10%. Despite facing macroeconomic challenges, Tesla retained its target of 1.8 million vehicle deliveries for the year. Elon Musk praised the production success of the Model Y, which became the best-selling vehicle globally, indicating strong consumer demand. The company continues to enhance its focus on advancements in AI and full self-driving technologies, positioning itself for substantial long-term growth and value creation.
Key Performance Indicators
Revenue
24.93B
QoQ: 6.85% | YoY:47.20%
Gross Profit
4.53B
18.19% margin
QoQ: 0.49% | YoY:7.06%
Operating Income
2.40B
QoQ: -9.95% | YoY:-2.64%
Net Income
2.70B
QoQ: 7.56% | YoY:19.65%
EPS
0.85
QoQ: 6.25% | YoY:16.44%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $24.9 billion (YoY: +47.2%, QoQ: +6.85%)
- **Gross Profit:** $4.5 billion (Gross Margin: 18.18%)
- **Operating Income:** $2.4 billion (Operating Margin: 9.6%)
- **Net Income:** $2.7 billion (Net Margin: 10.8%)
- **EPS:** $0.85 (Diluted EPS: $0.78)