TSLA Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), TSLA reported revenue of $25.2B, gross profit of $5.0B (19.8% gross margin), operating income of $2.7B, and net income of $2.2B (8.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue fell 1.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −1.2% | +47.7% | +2.9 pp |
Consensus estimate data is not available for this report.
TSLA Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $25.2B | 100% |
| Cost of Revenue | −$20.2B | 80.2% |
| Gross Profit | $5.0B | 19.8% |
| Research & Development | −$1.0B | 4.1% |
| Selling, General & Administrative | −$1.2B | 4.7% |
| Other Operating Expenses | −$55M | 0.2% |
| Operating Income | $2.7B | 10.8% |
| Other Income, net | $67M | 0.3% |
| Income Tax Expense | −$601M | 2.4% |
| Net Income | $2.2B | 8.7% |
Source: original SEC filing (filed 2024-10-23). Accession 0001628280-24-043432. Data normalized by EarningsFyi.