Tesla (LIM:TSLA) Gross Profit

: $19,904 Mil (TTM As of Mar. 2023)

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Tesla's gross profit for the three months ended in Mar. 2023 was $4,511 Mil. Tesla's gross profit for the trailing twelve months (TTM) ended in Mar. 2023 was $19,904 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Tesla's gross profit for the three months ended in Mar. 2023 was $4,511 Mil. Tesla's Revenue for the three months ended in Mar. 2023 was $23,329 Mil. Therefore, Tesla's Gross Margin % for the quarter that ended in Mar. 2023 was 19.34%.

Tesla had a gross margin of 19.34% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Tesla was 27.57%. The lowest was 16.56%. And the median was 22.74%.

Tesla Gross Profit Historical Data

The historical data trend for Tesla's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tesla Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

4,042.00

4,069.00

6,630.00

13,606.00

20,853.00

Tesla Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Gross Profit																5,460.00	4,234.00	5,382.00	5,777.00	4,511.00

Competitive Comparison

For the Auto Manufacturers subindustry, Tesla's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Tesla Gross Profit Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Tesla's Gross Profit distribution charts can be found below:

* The bar in red indicates where Tesla's Gross Profit falls in comparison to its industry or sector. The grey bar indicates the Gross Profit's extreme value range as defined by GuruFocus.

Tesla Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Tesla's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	81462	-	60609
	=	20,853

Tesla's Gross Profit for the quarter that ended in Mar. 2023 is calculated as

Gross Profit (Q: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	23329	-	18818
	=	4,511

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $19,904 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Tesla's Gross Margin % for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	4,511	/	23329
	=	19.34 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Tesla (LIM:TSLA) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Tesla had a gross margin of 19.34% for the quarter that ended in Mar. 2023 => No sustainable competitive advantage

Tesla Gross Profit Related Terms

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Tesla (LIM:TSLA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TSLA:USA TSLA:Mexico TSLA_KZ:Kazakhstan TSLA:Italy 0R0X:UK TL0:Germany TSLA:Canada TSLA34:Brazil TSLA:Austria TSLA:Argentina

Address

13101 Tesla Road, Austin, TX, USA, 78725

Website

https://www.tesla.com

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.