Tesla Inc (TSLA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 14,997,000 | 12,556,000 | 5,519,000 | 721,000 | -862,000 |
| Revenue | US$ in thousands | 96,773,000 | 81,462,000 | 53,823,000 | 31,536,000 | 24,578,000 |
| Net profit margin | 15.50% | 15.41% | 10.25% | 2.29% | -3.51% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $14,997,000K ÷ $96,773,000K
= 15.50%
The net profit margin of Tesla Inc has exhibited both positive and negative trends in recent years. In 2019, the company experienced a negative net profit margin of -3.51%, indicating that expenses exceeded revenues, resulting in a loss. However, there has been a significant improvement in subsequent years, with the net profit margin turning positive and showing an upward trajectory.
By 2023, the net profit margin had reached 15.79%, signifying that for every dollar of revenue generated, Tesla Inc retained approximately 15.79 cents as net profit. This demonstrates the company's ability to effectively control costs and generate profits from its operations. The consistent net profit margin of 15.79% in both 2022 and 2023 suggests a sustained ability to convert sales into profits, indicating stability in the company's profitability.
Overall, the positive trend in Tesla Inc's net profit margin indicates an improvement in the company's operational efficiency and financial performance over the last few years. However, it is important to note that factors such as market competition, technological advancements, and macroeconomic conditions can impact the company's future net profit margin.
Peer comparison
Dec 31, 2023