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Tesla (TSLA) releases Q3 2023 outcomes: missed on each income and earnings Unveiled: Uncover Auto Excellence at Autoxyon

On this charming article, we delve into Tesla (TSLA) releases Q3 2023 outcomes: missed on each income and earnings, a masterpiece crafted by Fred Lambert and revealed on 2023-10-18 20:08:14. Discover the world of Auto Excellence and uncover what units Autoxyon aside.

Tesla (TSLA) launched its monetary outcomes and shareholders letter for the third quarter of 2023 after market shut at this time.

We’re updating this put up with all the main points from the monetary outcomes, shareholders’ letter, and the convention name later tonight. Refresh for the most recent info.

Tesla Q3 2023 earnings expectations

As we reported in our Tesla Q3 2023 earnings preview earlier at this time, the Wall Road consensus for this quarter was $24.256 billion in income and earnings of $0.73 per share.

These are the averages of the expectations, however this quarter, the expectations have fairly a variety as Wall Road is attempting to determine how massive of an impression the manufacturing unit shutdowns and value reductions can have on Tesla’s monetary efficiency.

Now, did Tesla meet, beat, or miss the expectations?

Tesla Q3 2023 monetary outcomes

Simply after the market shut at this time, Tesla launched its monetary outcomes and confirmed that it did meet expectations with earnings of $0.66 per share (non-GAAP) and income with $23,350 billion over the last quarter.

Regardless of the earnings miss, Tesla argues within the launch that it is ready to abdomen the worth drop pretty nicely by lowering prices:

Our value of products bought per vehicle4 decreased to ~$37,500 in Q3. Whereas manufacturing value at our new factories remained increased than our established factories, we’ve carried out mandatory upgrades in Q3 to allow additional unit value reductions. We proceed to imagine that an trade chief must be a price chief.

We shall be posting our follow-up posts right here concerning the earnings and convention name to increase on crucial factors (refresh the web page to see the newest posts):

Right here’s Tesla’s Q2 2023 shareholder presentation in full:

Right here’s Tesla’s convention name for the Q3 2023 outcomes:

FTC: We use earnings incomes auto affiliate hyperlinks. Extra.

Be a part of us on this journey of Automotive discovery as we uncover the most recent insights from Electrek. Whether or not you are an auto fanatic or an informal reader, there’s one thing right here for everybody.

For extra particulars, go to https://electrek.co/2023/10/18/tesla-tsla-releases-q3-2023-results-missed-on-both-revenue-and-earnings/ or click on . You will not need to miss this!

Keep tuned for extra thrilling updates from Autoxyon. Remember to comply with us for the most recent information and insights.

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