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These are the stats:
- Tesla’s revenue for Q3 2023 was $23.35 billion, a 9% increase year over year 1.
- Gross profits for Tesla in Q3 2023 were down 22% year over year, with net income decreasing 44% 1.
- Automotive regulatory credit revenues for Tesla doubled to $554 million in Q3 2023 1.
- Tesla’s cash, cash equivalents, and investments grew by $3 billion to $26.1 billion in Q3 2023 1.
- Tesla delivered approximately 435,000 units in Q3 2023, up 27% year over year 2.
- The average selling price of Tesla vehicles in Q3 2023 was $45.1K 2.
- Tesla’s GAAP gross margins fell to 17.9% in Q3 2023, below management’s guardrail of 20% 2.
- Tesla’s operating expenses increased by 43% year over year in Q3 2023 2.
- Tesla’s revenue growth and operating margins for Q3 2023 were 9% and 7.6%, respectively, both below the average for S&P 500 companies and Tesla’s automotive industry peers 2.
- Tesla sold $554 million worth of automotive regulatory credits in Q3 2023 3.
- Nearly 41% of Tesla’s pre-tax profit in Q3 2023 came from unsustainable income sources such as automotive regulatory credits and interest income 3.
- Tesla’s cost of goods sold per vehicle decreased to approximately $37,500 in Q3 2023 4.
- Tesla’s gross margin only slightly decreased from 18.2% to 17.9% quarter-to-quarter despite price drops 4.
- Tesla’s profitability indicators show a profit margin of 0.11% and an operating margin of 0.08% 5.
Tesla just posted its Q3 financial results, and they're underwhelming - Ars Technica
arstechnica.com
1
Tesla: Q3 2023 Review, Musk And Co. Are Stuck In A Vicious Cycle (NASDAQ:TSLA)
seekingalpha.com
2
3 Off-the-Radar Data Points in Tesla's Earnings Report That May Spell Trouble
fool.com
3
Tesla (TSLA) releases Q3 2023 results: missed on both revenue and earnings | Electrek
electrek.co
4
Tesla Stock Analysis - 2023 | TSLA - Macroaxis
macroaxis.com
5
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- “Tesla continues to raise the bar in vehicle deliveries, hitting a record 476,000 units for Q4 2023! 📈🚗 #TeslaDeliveries #EVRevolution #SustainableTransport”
- “Despite a competitive market, Tesla delivered over 435,000 vehicles in Q3 2023, maintaining its trajectory towards an annual target of 1.8 million units! 🌍⚡️ #ElectricVehicles #TeslaSales #CleanEnergy”
- “With a game-changing production volume of 430,000+ vehicles in Q3 2023, Tesla is leading the way in shaping the future of sustainable transportation! 🛣️🔋 #InnovationLeader #GreenTechnology #TeslaProduction”