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Tesla said it sold about 1.79 million cars in 2024, down slightly from a record 1.8 million sales in 2023 and its first year-over-year decrease since becoming a major player.
Revenue increased 8% in the quarter from $23.35 billion a year earlier. ... or 53 cents a share, a year ago. Profit margins were bolstered by $739 million in automotive regulatory credit revenue ...
Tesla’s third-quarter net income rose 17.3% compared with a year ago on stronger electric vehicle sales, and an optimistic CEO Elon Musk predicted 20% to 30% sales growth next year. In its ...
As the graphic below illustrates, thanks to a significant and deliberate reduction in production costs to an average of $34,544 per car in Q3, Tesla's per-vehicle gross profit improved from $8,269 ...
The 50% annual growth rate in vehicle sales has been completely wiped out; Tesla’s operating margin crashed to 5.5% in the first quarter versus a peak of 19% two years prior; and it suffered its ...
Tesla beat profit estimates for the third quarter, sending the stock up over 12% after hours. ... That brings the year-to-date decline to about 12%, with the company valued at $682 billion ...
The latest round of cost cutting trimmed Tesla’s operating margin, which represents how efficiently sales are turned into pretax profits, down to 7.6% in the third quarter. That’s down from 17 ...
Tesla’s stock was down about 1% this year through Tuesday’s close, after falling as much as 44% earlier this year. Tesla reported adjusted income of $1.8 billiion in the quarter, or 52 cents a ...