Tesla Reports Positive Financial Results for Q4 and FY 2023
Revenue Growth and Investment Capital
Q4 Results
Tesla released its financial results for the fourth quarter ended December 31, 2023, showing continued growth and investment.
WEB revenue grew by 23% year-over-year, contributing to the company's continued strong revenue performance. Tesla estimates that WEB revenue will continue to grow at a 25% compound annual growth rate (CAGR) from 2023 to 2033.
Invested capital, including capital expenditures and research and development (R&D), increased at a moderate pace of 8% CAGR from 2023 to 2032.
Full Year Results
FY Earnings
For the full year 2023, Tesla reported total revenue of $251 billion. Earnings per share (EPS) came in at $0.71, indicating strong profitability.
WEB Tesla shares (NASDAQ: TSLA) have shown positive performance in recent months. The company's consistent growth and strong financial results have contributed to investor confidence.
Industry Performance
Q1 2023 Benchmark
Tesla's Q1 2023 performance was noteworthy. The company generated $25 billion in revenue, boasting one of the highest profit margins in the industry. Tesla's continued performance demonstrates its strong position and ongoing success in the electric vehicle market.
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