Tesla Q4 2023 Earnings: EPS Surges by 111.21%
Key Earnings Highlights
Tesla, Inc. (TSLA) has announced its financial results for the fourth quarter of 2023, showcasing impressive growth in earnings per share (EPS). The company reported an EPS of $2.26 for the period ending December 31, 2023, marking a significant 111.21% increase compared to the same quarter in the previous year.
Revenue and Outlook
In addition to the strong EPS performance, Tesla also reported solid revenue growth. The company's revenue reached $38.2 billion, a 33% year-over-year increase. This growth was primarily driven by increased vehicle deliveries and higher average selling prices.
Looking ahead, Tesla expects to continue its strong performance in 2024. The company plans to ramp up production of its Model Y, Cybertruck, and Semi truck to meet the growing demand for its electric vehicles. Tesla also announced that the next expected announcement date for quarterly earnings is April 23, 2024.
Overall, Tesla's Q4 2023 earnings report reflects the company's continued dominance in the electric vehicle market. With strong EPS growth, robust revenue, and ambitious plans for the future, Tesla is well-positioned to maintain its position as a leading player in the automotive industry.
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