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Excluding stock-based compensation, Tesla’s adjusted net income fell to $2.32 billion, or 66 cents per share. Tesla's price cuts eat into Cybertruck maker's profits as net income plunges 44% in ...
Tesla posted non-GAAP net income of more than $1 billion for the first time in its history in 1Q. The electric car maker reported a 74% year-on-year increase in sales to $10.4 billion, slightly ...
For the full year, Tesla reported net income of almost $15 billion including the one-time tax benefit. Excluding it, the company made $10.88 billion, down 23% from 2022. Gross profit margin was 25 ...
Tesla, Inc. (/ ˈ t ɛ s l ə / TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
Tesla shares followed suit in after-hours trading. The Austin, Texas, maker of electric vehicles, solar panels and batteries reported net income of $2.7 billion in the quarter, a 20% increase from ...
Tesla was incorporated (as Tesla Motors) on July 1, 2003, by Martin Eberhard and Marc Tarpenning in San Carlos, California. [2] [3] [4] The founders were influenced to start the company after General Motors recalled all its EV1 electric cars in 2003 and then destroyed them, [5] and seeing the higher fuel efficiency of battery-electric cars as an opportunity to break the usual correlation ...
Power Play: Tesla, Elon Musk, and the Bet of the Century is Tim Higgins's book about Tesla, Inc., published in 2021, that focuses on the company while under the management of Elon Musk. The book does not contain any interviews with Musk himself, but many anonymous current and former executives from Tesla. [ 1 ]
Tesla posted adjusted earnings per share of $0.72 vs. $0.60 expected, on adjusted net income of $2.5 billion and free cash flow of $2.9 billion. The closely watched gross margin figure came in at ...