Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Tesla (TSLA) Q4 and FY 2023 earnings results: Total revenue at $25.1B and EPS at $0.71

% of readers think this story is Fact. Add your two cents.

Tesla (NASDAQ:TSLA) posted its Q4 and FY 2023 earnings report after markets closed today. The results, which were discussed in the Q4 and FY 2023 Update Letter, were released after the closing bell on Wednesday, January 24, 2024.

Tesla’s earnings come on the heels of yet another record quarter in production and deliveries. In the fourth quarter, Tesla produced 494,989 vehicles and delivered 484,507. For full year 2023, Tesla produced 1,845,985 vehicles and delivered 1,808,581. 

The following is a quick overview of Tesla’s Q4 and FY 2023 earnings results.


In the fourth quarter, Tesla posted total revenues of $25.1 billion. In comparison, Tesla’s unified analyst consensus pointed to total revenues of $25.7 billion. Automotive revenues are at $21.5 billion versus analyst expectations of $21.7 billion. 

For the full year 2023, total revenues were listed at $96.8 billion, with automotive revenues at $82.4 billion.


Tesla’s non-GAAP earnings per share for the fourth quarter of 2023 was listed at $0.71. In comparison, Tesla’s unified analyst consensus expected the company to post non-GAAP earnings per share of $0.73. GAAP EPS is listed at $2.27 versus the Wall Street’s $0.59 estimate.

Non-GAAP earnings per share for full year 2023 was listed at $3.12, while GAAP EPS for FY 2023 was listed at $4.30.


Tesla’s operating income decreased year-over-year to $2.1 billion in the fourth quarter, resulting in an 8.2% operating margin. Tesla notes that its operating income was impacted by a number of factors, such as a reduced vehicle ASP and the cost of the Cybertruck production ramp, among others.

Total GAAP gross margin for Q4 2023 was listed at 17.6%. For full year 2023, total GAAP gross margin was listed at 18.2%. Tesla also recorded a one-time non-cash tax benefit of $5.9 billion in the fourth quarter for the release of valuation allowance on certain deferred tax assets.


At the end of Q4 2023, Tesla’s cash equivalents and investments increased sequentially by $3 billion to $29.1 billion. This was driven by free cash flow of $2.1 billion and financing activities of $0.9 billion.

Tesla’s Q4 and FY 2023 Update Letter can be viewed below.

TSLA-Q4-2023-Update by Simon Alvarez on Scribd

This article is being updated.

Don’t hesitate to contact us with news tips. Just send a message to [email protected] to give us a heads up. 

The post Tesla (TSLA) Q4 and FY 2023 earnings results: Total revenue at $25.1B and EPS at $0.71 appeared first on TESLARATI.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.