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25.01.2024
Company news: Tesla (TSLA) quarterly results miss analysts’ expectations
Tesla (TSLA) reported Q4 FY2023 earnings of $0.71 per share (versus $1.19 per share in Q4 FY2022), missing analysts’ consensus estimate of $0.73 per share.
The company’s quarterly revenues amounted to $25.167 bln (+3.5% y/y), missing analysts’ consensus estimate of $25.640 bln. Its gross profit margin came in at 17.6% last quarter, down 612 basis points y/y.
The company also warned that in FY2024, the vehicle volume growth rate may be notably lower than the growth rate achieved in FY2023 as its teams work to launch the next-generation vehicle at Gigafactory Texas.
TSLA fell to $191.96 (-7.64%) in pre-market trading.
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