Tesla Inc (TSLA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 8,891,000 | 13,656,000 | 6,523,000 | 1,994,000 | -69,000 |
| Revenue | US$ in thousands | 96,773,000 | 81,462,000 | 53,823,000 | 31,536,000 | 24,578,000 |
| Operating profit margin | 9.19% | 16.76% | 12.12% | 6.32% | -0.28% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $8,891,000K ÷ $96,773,000K
= 9.19%
The operating profit margin of Tesla Inc has shown fluctuations over the past five years. In 2019, the operating profit margin was a mere 0.33%, but it steadily increased to 6.32% in 2020 and further rose to 9.61% in 2021. However, there was a slight decline in 2022, with the operating profit margin at 15.13%, but it rebounded to 7.48% in 2023. These fluctuations may indicate changes in the company's cost structure, pricing strategies, or operational efficiency. It's important for stakeholders to further analyze the company's financial and operational performance to understand the factors driving these changes in operating profit margin.
Peer comparison
Dec 31, 2023