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Revenue increased 8% in the quarter from $23.35 billion a year earlier. Net income rose to about $2.17 billion, or 62 cents a share, from $1.85 billion, or 53 cents a share, a year ago.
In addition to the strong profit growth, CEO Elon Musk's production growth forecast also encouraged investors for next year, as he expects the company to increase production by 20% to 30% in 2025.
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.
Tesla has since regained its spot and is now worth $1.36 trillion, a mere $200 billion or so behind Facebook parent Meta. The company has added over $550 billion in market cap since the election.
Tesla posted a $5.5 billion annual profit on $53.8 billion of sales in 2021, up from $721 million in profit and $31.5 billion in sales in 2020. ... The company topped its previous record in the ...
The following six graphs offer an illustration of Tesla's progress in key areas. JP Morgan analysts said they were not certain about the quality of the gross margin beat in the third quarter, though.
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 ...
After more than a year's worth of effort, Tesla's per-car profitability is finally climbing again. Data source: Tesla Inc. Chart by author. There's one detail worth mentioning about the image above.