Tesla Inc (TSLA)

Net 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
Net income (ttm)	US$ in thousands	14,997,000	10,756,000	12,195,000	11,751,000	12,556,000	11,190,000	9,516,000	8,399,000	5,519,000	3,468,000	2,181,000	1,143,000	721,000	556,000	368,000	-144,000	-862,000	-827,000	-659,000	-969,000
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
Net profit margin		15.50%	11.21%	12.97%	13.66%	15.41%	14.95%	14.17%	13.51%	10.25%	7.40%	5.21%	3.18%	2.29%	1.97%	1.43%	-0.55%	-3.51%	-3.39%	-2.64%	-4.29%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $14,997,000K ÷ $96,773,000K
= 15.50%

The net profit margin for Tesla Inc has fluctuated over the past eight quarters. In the most recent quarter, ending on December 31, 2023, the net profit margin was 15.79%, compared to 11.46% in the previous quarter. This suggests an improvement in profitability. However, it is important to note that the net profit margin has shown some variability over this period, with the lowest margin of 11.46% occurring in the September 30, 2023 quarter. Overall, while the company has demonstrated an ability to generate profits relative to its revenue, there has been some volatility in its bottom-line performance in recent quarters.