Overview (TSLA)
Welcome to a deep dive into the financial tapestry of Tesla as we scrutinize the company’s performance in the third quarter of 2023. In this blog post, we will unravel the intricacies of Tesla 2023 Q3 Earnings, exploring key financial metrics, market trends, and the impact on stakeholders. Join us on this insightful journey into the fiscal heartbeat of one of the most innovative companies of our time.
Earnings Per Share (EPS)
Reported $0.66
Estimated $0.73
Surprise -9.48%
Revenue
Reported $23.35B
Estimated $24.19B
Surprise -3.46%
Tesla 2023 Q3 Earnings – Income Statement
Revenue is relatively flat over the past year. Operating expenses have increased. Net Income has been per quarter for the last year.
- Interest Coverage Ratio: 84.1x
- Gross Profit Margin: 19.8%
Tesla 2023 Q3 Earnings – Balance Sheet
Total assets have been increasing each quarter with the majority of the growth coming from Property/Plant/Equipment. Tesla continues to make investments into new plants globally. They look to expand into the China market, develop the Model Y, and begin to ramp up production of the Cybertruck.
Tesla 2023 Q3 Earnings – Cash Flow
Cash flow is positive but varies greatly by Quarter. Positive cash flow allows Tesla to make further investments and generate returns. Tesla does not pay a dividend which will enable more growth as we can see from the increase of cash from investing activities. With Tesla stock price at elevated levels in the third quarter of 2023, we also see Tesla issue $2.76B in common & preferred stock, a significant increase from prior Quarters.
- Cash Conversion: 80%
Final Thoughts
Tesla 2023 Q3 Earnings underscore a pivotal moment in the company’s journey. As we wrap up our exploration of the financial landscape, it’s evident that Tesla’s performance reverberates far beyond the balance sheets. The decisions made, challenges faced, and successes achieved in this quarter shape the trajectory of not just Tesla but the entire electric vehicle ecosystem. Stay tuned for more updates on Tesla’s journey and its ongoing impact on the future of sustainable transportation and energy. Tesla 2023 Q3 Earnings – a chapter that unfolds innovation, challenges, and financial resilience
Link to $TSLA 10-Q Earnings (Period Ending September 30th, 2023)
