Tesla, Inc. stock research
FY2023 Q1
Tesla (TSLA) Gross Margin — Quarter Ended Mar 31, 2023
Revenue increased from the same quarter last year but decreased from the prior quarter. Gross profit declined from both periods, while cost of revenue increased, resulting in a lower gross margin.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased from the same quarter last year but decreased from the prior quarter. Gross profit declined from both periods, while cost of revenue increased, resulting in a lower gross margin.
- The increase in cost of revenue relative to revenue was the most significant factor, as cost growth outpaced revenue changes.
- Gross margin weakened both sequentially and compared to the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
19.3%
Gross profit
$4.5B
Revenue
$23.3B
Cost of revenue
$18.8B
Quarter-over-quarter change
n/a
Year-over-year change
n/a
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $23.3B | $4.5B | $18.8B | 19.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Year-ago quarter unavailable
n/a
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The increase in cost of revenue relative to revenue was the most significant factor, as cost growth outpaced revenue changes.
Gross margin weakened both sequentially and compared to the same quarter one year earlier.
Monitor the trend of cost of revenue relative to revenue in upcoming quarters.