Tesla (NASDAQ: TSLA) has now disclosed its earnings for the third quarter of 2024, managing to post quite strong results relative to Wall Street’s depressed expectations.
You will find Wall Street’s consensus estimates for the company’s latest earnings in the above snippet (source).
Tesla (TSLA) Q3 2024 Earnings
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Tesla has reported $25.182 billion in revenue for the third quarter of 2024, slightly missing consensus expectations of $25.290 billion.
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The EV giant deployed 6.9GWh of energy storage products in the third quarter of 2024. The above chart gives a segmental overview of Tesla’s top-line metric.
The following snippet summarizes the EV giant’s production activities during the quarter:
As we reported earlier this month, Tesla delivered 462,890 units in Q3 2024 against a production level of 469,796 units.
Moreover, Tesla’s auto gross margin (ex-Regulatory Credits) printed at 17.05 percent for the just-concluded quarter against expectations of 14.90 percent. Nonetheless, do note that this metric is expected to come under pressure in Q4, especially as Tesla has now announced a 0 percent financing offer in the US, sans FSD subscription requirement, which was mandated in the earlier iteration of the offer.
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