Tesla (TSLA) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased from the preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a period of growth in the prior quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased from the preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a period of growth in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$23.4B
Revenue reported for this quarter.
Quarter-over-quarter
-6.3%
Change from the immediately preceding quarter.
Year-over-year
+8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$95.9B
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 |
|---|---|---|
| Dec 31, 2022 | $24.3B | +37.2% |
| Mar 31, 2023 | $23.3B | +24.4% |
| Jun 30, 2023 | $24.9B | +47.2% |
| Sep 30, 2023 | $23.4B | +8.8% |
Revenue performance
The reported revenue declined from the immediately preceding quarter. On a year-over-year basis, revenue increased.
Quarterly comparison
Compared to the prior quarter, revenue was lower. Compared to the same quarter a year ago, revenue was higher.
What to watch
The forward-looking statements in the filing mention supply chain constraints and competition as factors that could affect future results.