Tesla (TSLA) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding period. However, revenue rose relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding period. However, revenue rose relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$23.3B
Revenue reported for this quarter.
Quarter-over-quarter
-4.1%
Change from the immediately preceding quarter.
Year-over-year
+24.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$86B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $16.9B | +41.6% |
| Sep 30, 2022 | $21.5B | +55.9% |
| Dec 31, 2022 | $24.3B | +37.2% |
| Mar 31, 2023 | $23.3B | +24.4% |
Revenue performance
The reported revenue moved downward from the prior quarter, marking a sequential contraction after a period of growth.
Quarterly comparison
Compared with the same quarter last year, revenue was higher, reflecting continued year-over-year expansion.
What to watch
Monitor whether the sequential revenue decline persists or reverses in upcoming quarters.