Tesla Inc (TSLA)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	4,069,000	4,121,000	4,454,000	4,152,000
Revenue (ttm)	US$ in thousands	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	24,578,000	24,420,000	24,941,000	22,593,000
Gross profit margin		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%	16.56%	16.88%	17.86%	18.38%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $17,660,000K ÷ $96,773,000K
= 18.25%

Tesla Inc's gross profit margin has displayed a decreasing trend in the recent quarters, declining from 24.49% in March 2022 to 16.71% in December 2023. This signifies a reduction in the percentage of revenue retained after accounting for the cost of goods sold. A declining gross profit margin may indicate challenges in controlling production costs or pricing pressures. It is essential for the company to closely monitor and manage its cost structure to improve its gross profit margin and sustain profitability in the competitive electric vehicle industry.