We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.
Tesla Q4 2023 earnings expectations
As we reported in our Tesla Q4 2023 earnings preview yesterday, the Wall Street consensus for this quarter was $25.640 billion in revenue and earnings of $0.73 per share.
Now, did Tesla meet, beat, or miss the expectations?
Tesla Q4 2023 financial results
Just after the market close today, Tesla released its financial results and confirmed that it did miss expectations with earnings of $0.71 per share (non-GAAP) and revenue with $25.167 billion during the last quarter.
The actual GAAP earnings are actually much higher at $2.27 per share. Tesla explained:
One-time non-cash tax benefit of $5.9B recorded in Q4 for the release of valuation allowance on certain deferred tax assets.
Tesla’s gross margin on vehicles is down again this quarter, albeit slightly: 17.6% down from %17.9.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/2ZUJ55BNAJIOXPUZ54ZYUWKXVE.jpg)
