Tesla revealed its financial results at the end of the third quarter of 2024, which can be considered positive compared to the expectations of Wall Street analysts. The men of the North American Stock Market anticipated income of 25,468 million dollars and the construction company fell 1.12% below that objective, but this result did not even leave bitterness in the mouth, since the benefits, or rather , he The distribution of earnings per share exceeded the $0.60 expected by analysts by 20%.. In this way, the price of builders’ bonds appreciated by 7% today, at the opening, and then reached an increase of 21.9% at the close.
Not only did the profit sharing excite investors, but Tesla had other tricks up its sleeve. Starting with higher than usual profitability, with the North American electric vehicle manufacturer announcing a 19.8% gross profit marginalso increasing by 20% compared to the same period in 2023. All things considered, Operating expenses fell 6%, while operating profit margin increased to 10.8%.a value well above the 5.5% and 6.3% achieved in the 1st and 2nd quarters of this year.
3rd quarter 2024 results
The announcement of Tesla’s results also made it possible to know the production and sales volume of the brand’s models, although only by model groups. As expected, 443,668 units of the Model 3 and Model Y were manufactured, of which 439,975 were sold, this duo being the leader in production and sales, since only 26,128 units of the Model S, Model 22,915 were delivered. customers. In total, Tesla sold 462,890 vehicles from July to September (9% more than in 2023) and manufactured 469,796 (8% more).
The brand also revealed the production capacity currently installed in the different manufacturing units it has spread throughout the United States, China and Europe. Gigafactory Shanghai is the leader, with the capacity to produce more than 950,000 units/year of the Model 3 and Yfollowed by the brand’s oldest factory, in California, which combines 100,000 Model S and produces 250,000 Model Y and 125,000 Cybertrucks annually. You can see the presentation of results for the 3rd quarter below:
Source: Observadora
