Tesla Announces How Much It Earned in 2023

Tesla Announces How Much It Earned in 2023

Tesla announced its balance sheet for the last quarter of last year. Its revenue is below market expectations.

Tesla published its financial results for the fourth quarter of last year. According to the report, Tesla's revenue in the last quarter of 2023 increased by 3 percent compared to the same period of the previous year, reaching 25.2 billion dollars.

In the statement made by Tesla, it was warned that the teams were working on the new generation vehicle in the production facility called "Gigafactory" in Texas, and therefore the growth in vehicle volume this year may be lower compared to last year.

The company recorded a revenue of $24.3 billion in the same period of 2022. However, Tesla's revenue during this period was slightly below market estimates.

The company's net profit almost doubled in the same quarter, reaching $7.9 billion. Tesla's net profit was determined as 3.7 billion dollars in the last quarter of 2022.

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