Tesla Inc (TSLA)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 8,928,000 | 9,996,000 | 13,688,000 | 6,218,000 | 1,013,000 |
| Revenue | US$ in thousands | 97,690,000 | 96,773,000 | 81,462,000 | 53,823,000 | 31,536,000 |
| Pretax margin | 9.14% | 10.33% | 16.80% | 11.55% | 3.21% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $8,928,000K ÷ $97,690,000K
= 9.14%
The pretax margin of Tesla Inc has shown varying trends over the years. It stood at 3.21% on December 31, 2020, indicating a relatively low profitability before taxes. Subsequently, there was a notable improvement as of December 31, 2021, with the pretax margin increasing to 11.55%, signaling enhanced operational efficiency and profitability.
By December 31, 2022, Tesla's pretax margin expanded further to 16.80%, reflecting a significant boost in profitability levels. However, there was a slight decline by December 31, 2023, as the pretax margin decreased to 10.33%, possibly due to changing economic conditions or internal factors.
The downward trend continued into December 31, 2024, with the pretax margin falling to 9.14%. This decrease may warrant a closer examination of cost structures, revenue streams, and overall financial performance to identify areas for improvement and sustain profitability in the future.
Overall, Tesla Inc's pretax margin displays fluctuations, highlighting the company's ongoing efforts to manage costs, drive revenue growth, and optimize operational performance in a dynamic business environment.
Peer comparison
Dec 31, 2024