Tesla (TSLA) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the current quarter, with growth accelerating from the prior three-month period and also rising compared to the same period last year. The upturn marks a recovery from the decline seen in the previous quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the current quarter, with growth accelerating from the prior three-month period and also rising compared to the same period last year. The upturn marks a recovery from the decline seen in the previous quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.5B
Revenue reported for this quarter.
Quarter-over-quarter
+19.7%
Change from the immediately preceding quarter.
Year-over-year
+2.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$95.3B
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 |
|---|---|---|
| Sep 30, 2023 | $23.4B | +8.8% |
| Dec 31, 2023 | $25.2B | +3.5% |
| Mar 31, 2024 | $21.3B | -8.7% |
| Jun 30, 2024 | $25.5B | +2.3% |
Revenue performance
The company posted higher revenue than in the immediately preceding quarter, reversing the prior period's decrease. This sequential improvement outpaces the year-over-year rate of increase.
Quarterly comparison
Compared to the same quarter one year ago, revenue also expanded, although the pace was more moderate than the sequential gain. The trailing twelve-month revenue reflects sustained overall growth.
What to watch
The filing emphasizes expectations for continued positive operating cash flow, a key element to monitor going forward.