Tesla (TSLA) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease marks a reversal after several quarters of sequential growth.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease marks a reversal after several quarters of sequential growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.3B
Revenue reported for this quarter.
Quarter-over-quarter
-15.4%
Change from the immediately preceding quarter.
Year-over-year
-8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$94.7B
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, 2023 | $24.9B | +47.2% |
| Sep 30, 2023 | $23.4B | +8.8% |
| Dec 31, 2023 | $25.2B | +3.5% |
| Mar 31, 2024 | $21.3B | -8.7% |
Revenue performance
The reported revenue moved lower, reflecting a contraction in the quarter.
Quarterly comparison
Compared with the prior quarter, revenue was down, and it also fell relative to the same period a year ago.
What to watch
The revenue decline follows a trend of sequential increases in the prior three quarters.