The chart above displays the quarterly gross profit of Tesla Motors from 2020 to 2023. In the first quarter of 2023, the total gross profit of the company declined compared to the same quarter of the prior year. Its gross profit declined by almost a billion in the first quarter of 2023 against the same quarter of 2021. The company generated $4.5 billion in gross profit in 2023 q1, compared to $5.5 billion in the same quarter of the prior year.
Gross Profit of Tesla Motors (quarterly) 2011-2023
Amounts are in millions.
FY 2023
Gross Profit
Q1
$4,511
FY 2022
Gross Profit
Q1
$5,460
q2
$4,234
Q3
$5,382
Q4
$5,777
Total
$20,853
FY 2021
Gross Profit (millions)
Q1
$2,215
Q2
$2,884
Q3
$3,660
Q4
$4,847
Total
$13,606
FY 2020/quarter
Gross Profit
Q1
$1,234
Q2
$1,267
Q3
$2,063
Q4
$2,066
Total
$6,630
Tesla experienced solid improvement in its financial performance in 2020 compared to the previous year. Its total net revenues grew to $31,536 million in 2020 compared to $24,578 million in 2019. The company also experienced significant improvement in its gross profit. Its quarterly gross profit was higher than $2 billion for the last two quarters. The total gross profit of the company for 2020 was $6,630 million compared to $4,069 million in 2019.
Fy 2019
Gross Profit (million)
Q1
$566
Q2
$921
Q3
$1,191
Q4
$1,391
Total
$4,069
The Gross profit of Tesla Motors was $1.39 billion in the fourth quarter of 2019 compared to $1.44 billion during the same period last year.
FY 2018
Gross Profit (Millions)
Q1
$456.5
Q2
$618.9
Q3
$1,523.7
Q4
$1,442.9
FY 2017
Gross Profit (Millions)
Q1
$667.9
Q2
$666.6
Q3
$449
Q4
$438.8
FY 2016
Gross Profits (Millions)
Q1
$1147
Q2
$1,270
Q3
$2,298.44
Q4
$2,284.6
FY 2015
Gross Profits (Millions)
Q1
$260
Q2
$213.4
Q3
$231.5
Q4
$218.6
FY 2014
Gross Profits (Millions)
Q1
$155.13
Q2
$213
Q3
$251.9
Q4
$261.7
FY 2013
Gross Profits (Millions)
Q1
$96.3
Q2
$100.5
Q3
$102.9
Q4
$156.6
FY 2012
Gross Profits (Millions)
Q1
$10.2
Q2
$4.7
Q3
$(8.8)
Q4
$23.9
FY 2011
Gross Profits (Millions)
Q1
$18
Q2
$18.5
Q3
$17.2
Q4
$7.8
About Tesla:
Tesla is a renowned global brand of electric vehicles. It was founded in the year 2003. The company is headquartered in Palo Alto, California, United States. Apart from automobiles, Tesla also sells energy generation and storage systems. The automobile product range of Tesla includes Model 3, Model Y, Model S, Model X, Cybertruck, Tesla Semi and a new Tesla Roadster. The company is led by its CEO Elon Musk. In 2019, Tesla delivered around 367,500 vehicles.