Tesla closed 2023 with a net profit of 13,764 million euros, 19% more

Looking ahead to 2024, he anticipates that the growth rate of vehicle volume may be "notably lower" than that achieved in 2023.

The Tesla automobile brand ended 2023 with an attributed net profit of $14,997 million (€13,764 million at the current exchange rate), which is 19% more than in 2022, according to data published by the company.

Revenues stood at 96,773 million dollars (88,822 million euros), also 19% above the figure for the previous year.

Tesla's operating profit in 2023 registered a drop of 35%, to 8,891 million dollars (8,160 million euros), while its adjusted gross operating result (Ebitda) fell by 13%, to 16,631 million dollars (15,264 million euros).

In 2023, the automobile company sold 1.81 million vehicles worldwide, representing a year-on-year increase of 38%.

In turn, production increased by 35%, reaching 1.84 million cars.

FORECASTS FOR 2024

Looking ahead to this new year, Tesla has announced that the vehicle volume growth rate may be "notably lower" than that achieved in 2023, as its teams work on the launch of a "next-generation vehicle" at the Tesla gigafactory. Texas.

Thus, by 2024, the company expects its growth rate in the energy storage business line to exceed that of the automotive business.

However, Tesla has assured that they will manage the business "in such a way that a solid balance sheet is maintained during this uncertain period."

DOUBLES RESULTS IN THE FOURTH QUARTER

Regarding the results of the fourth and last quarter of 2023, Tesla earned 7,928 million dollars (7,276 million euros), more than double that of the same period in 2022 (115%).

Revenues between October and December stood at 25,167 million dollars (23,099 million euros), with a year-on-year increase of 3%.

During that same period, operating profit was 2,064 million dollars (1,894 million euros), with a drop of 47%, and adjusted Ebitda fell by 27%, to 3,953 million (3,628 million euros).