Tesla Q1 2024 Earnings Call
April 23, 2024, 5:30 PM
NASDAQ: TSLA
Tesla's Q1 2024 earnings call transcript is now available. The company reported strong results, with revenue and earnings per share both beating analyst expectations. Tesla also provided an update on its production and delivery targets for the year.
Tesla's revenue for the quarter was $24.3 billion, up 32% year-over-year. The company's automotive revenue was $21.5 billion, up 34% year-over-year. Tesla's energy revenue was $2.8 billion, up 17% year-over-year.
Tesla's earnings per share for the quarter was $3.22, up 58% year-over-year. The company's gross margin was 25.1%, up from 24.6% in the previous quarter.
Tesla's production and delivery targets for the year remain unchanged. The company expects to produce 1.9 million vehicles in 2024 and deliver 1.8 million vehicles.
Tesla's stock is reacting positively to the news in after-hours trading. The stock is up 5% in after-hours trading.
Analysts are generally positive on Tesla's Q1 2024 results. They believe that the company is well-positioned to continue to grow its revenue and earnings in the future.
Overall, Tesla's Q1 2024 earnings call was a positive event for the company. The company reported strong results and provided an update on its production and delivery targets for the year. Tesla's stock is reacting positively to the news in after-hours trading. Analysts are generally positive on Tesla's Q1 2024 results. They believe that the company is well-positioned to continue to grow its revenue and earnings in the future.
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