Tesla Q3 Earnings Call Transcript

Tesla Delivers Record Revenue and Production in Q3

Tesla (TSLA) reported record revenue and production in the third quarter of 2023, driven by strong demand for its electric vehicles. The company's total revenue for the quarter was $24.3 billion, up 56% year-over-year. Tesla's automotive revenue accounted for $21.4 billion of the total, with the remaining $2.9 billion coming from energy generation and storage products. The company's net income for the quarter was $3.3 billion, up 103% year-over-year.

Tesla's vehicle production in Q3 reached 365,923, up 54% year-over-year. The company delivered 343,830 vehicles during the quarter, up 42% year-over-year. Tesla's Model 3 and Model Y continue to be the company's best-selling vehicles, accounting for over 95% of total deliveries in Q3.

Tesla's Q3 Financial Highlights

• Total revenue: $24.3 billion, up 56% year-over-year
• Automotive revenue: $21.4 billion, up 59% year-over-year
• Energy generation and storage revenue: $2.9 billion, up 18% year-over-year
• Net income: $3.3 billion, up 103% year-over-year
• Vehicle production: 365,923, up 54% year-over-year
• Vehicle deliveries: 343,830, up 42% year-over-year