Tesla Inc (TSLA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 17,450,000 | 17,660,000 | 20,853,000 | 13,606,000 | 6,630,000 |
| Revenue | US$ in thousands | 97,690,000 | 96,773,000 | 81,462,000 | 53,823,000 | 31,536,000 |
| Gross profit margin | 17.86% | 18.25% | 25.60% | 25.28% | 21.02% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $17,450,000K ÷ $97,690,000K
= 17.86%
Based on the provided data, Tesla Inc's gross profit margin has experienced fluctuations over the years. In December 31, 2020, the gross profit margin was 21.02%, which then improved to 25.28% by December 31, 2021, and further increased to 25.60% by December 31, 2022. However, there was a decline in the gross profit margin to 18.25% by December 31, 2023 and a further decrease to 17.86% by December 31, 2024.
The fluctuations in Tesla's gross profit margin indicate changes in its ability to generate profit from its core business activities after deducting direct costs associated with production. A rising trend in gross profit margin signals improved efficiency in production and cost management, while a declining trend may suggest higher production costs or pricing pressures.
It would be important for stakeholders to further investigate the underlying factors contributing to these fluctuations and assess the company's strategies to maintain or improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024