Tesla Inc (TSLA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 17,450,000 | 17,709,000 | 16,890,000 | 16,845,000 | 17,660,000 | 18,999,000 | 20,203,000 | 19,904,000 | 20,853,000 | 19,923,000 | 18,201,000 | 16,851,000 | 13,606,000 | 10,825,000 | 9,228,000 | 7,611,000 | 6,630,000 | 5,955,000 | 5,083,000 | 4,737,000 |
| Revenue (ttm) | US$ in thousands | 97,690,000 | 97,150,000 | 95,318,000 | 94,745,000 | 96,773,000 | 95,924,000 | 94,028,000 | 86,035,000 | 81,462,000 | 74,863,000 | 67,166,000 | 62,190,000 | 53,823,000 | 46,848,000 | 41,862,000 | 35,940,000 | 31,536,000 | 28,176,000 | 25,708,000 | 26,022,000 |
| Gross profit margin | 17.86% | 18.23% | 17.72% | 17.78% | 18.25% | 19.81% | 21.49% | 23.13% | 25.60% | 26.61% | 27.10% | 27.10% | 25.28% | 23.11% | 22.04% | 21.18% | 21.02% | 21.14% | 19.77% | 18.20% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $17,450,000K ÷ $97,690,000K
= 17.86%
Tesla Inc's gross profit margin has shown fluctuations over the past few years. From March 31, 2020, to June 30, 2021, the gross profit margin has been steadily increasing, indicating improved profitability in their core operations.
However, from September 30, 2021, to December 31, 2024, the gross profit margin has been more volatile, experiencing fluctuations both up and down. This variability suggests potential changes in Tesla's cost structure, pricing strategies, or product mix during this period.
The highest gross profit margin was recorded on March 31, 2022, and June 30, 2022, at 27.10%, indicating a strong performance in generating profits from sales after deducting direct costs. On the other hand, the lowest gross profit margin was observed on December 31, 2023, at 18.25%, signifying a potential dip in profitability during that quarter.
Overall, Tesla Inc's gross profit margin trended downwards towards the end of the period, reaching 17.86% on December 31, 2024. This decreasing trend may raise concerns regarding the company's ability to maintain profitability levels in the face of changing market conditions or operational challenges.
Peer comparison
Dec 31, 2024