Tesla (TSLA) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared to the immediately preceding period but rose versus the same quarter a year earlier. The sequential decrease follows a prior quarterly gain, while the year-over-year increase continues a broader upward trend.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared to the immediately preceding period but rose versus the same quarter a year earlier. The sequential decrease follows a prior quarterly gain, while the year-over-year increase continues a broader upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$25.2B
Revenue reported for this quarter.
Quarter-over-quarter
-1.2%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$97.2B
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, 2023 | $25.2B | +3.5% |
| Mar 31, 2024 | $21.3B | -8.7% |
| Jun 30, 2024 | $25.5B | +2.3% |
| Sep 30, 2024 | $25.2B | +7.8% |
Revenue performance
The reported revenue moved lower from the prior quarter, reversing the pattern of sequential growth seen in the previous period. On an annual basis, the figure remained higher than the same quarter one year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue declined. Compared with the same quarter one year earlier, revenue increased. No additional filing context was available to explain the movements.
What to watch
The sequential revenue decline after a prior quarterly gain may warrant monitoring for any change in near-term demand or operational trends.