TSLA Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), TSLA reported revenue of $21.3B, gross profit of $3.7B (17.4% gross margin), operating income of $1.2B, and net income of $1.1B (5.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
TSLA Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $21.3B | 100% |
| Cost of Revenue | −$17.6B | 82.6% |
| Gross Profit | $3.7B | 17.4% |
| Research & Development | −$1.2B | 5.4% |
| Selling, General & Administrative | −$1.4B | 6.5% |
| Operating Income | $1.2B | 5.5% |
| Interest Expense | −$76M | 0.4% |
| Other Income, net | $458M | 2.2% |
| Income Tax Expense | −$409M | 1.9% |
| Net Income | $1.1B | 5.3% |
Source: original SEC filing (filed 2024-04-23). Accession 0000950170-24-046895. Data normalized by EarningsFyi.