TSLA Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), TSLA reported revenue of $25.5B, gross profit of $4.6B (18.0% gross margin), operating income of $1.6B, and net income of $1.5B (5.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue grew 19.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +19.7% | +30.9% | +0.5 pp |
Consensus estimate data is not available for this report.
TSLA Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $25.5B | 100% |
| Cost of Revenue | −$20.9B | 82.0% |
| Gross Profit | $4.6B | 18.0% |
| Research & Development | −$1.1B | 4.2% |
| Selling, General & Administrative | −$1.3B | 5.0% |
| Other Operating Expenses | −$622M | 2.4% |
| Operating Income | $1.6B | 6.3% |
| Interest Expense | −$86M | 0.3% |
| Other Income, net | $368M | 1.4% |
| Income Tax Expense | −$393M | 1.5% |
| Net Income | $1.5B | 5.8% |
Source: original SEC filing (filed 2024-07-23). Accession 0001628280-24-032603. Data normalized by EarningsFyi.