Tesla, the electric vehicle and clean energy company, reported a significant increase in its financial performance for the year 2023. The company's total revenues reached $96.77 billion, marking a $15.31 billion increase from the previous year. Net income attributable to common stockholders also rose to $15.00 billion, up $2.44 billion from the prior year, including a one-time non-cash tax benefit of $5.93 billion. Despite a decrease in cash flows from operating activities by $1.47 billion, Tesla ended the year with $29.09 billion in cash and cash equivalents and investments, an increase of $6.91 billion from 2022. Capital expenditures grew by $1.74 billion to $8.90 billion, reflecting the company's continued investment in growth and innovation. Tesla's automotive segment saw a production of 1,845,985 vehicles and deliveries of 1,808,581 vehicles in...Show More

Tesla, the electric vehicle and clean energy company, reported a significant increase in its financial performance for the year 2023. The company's total revenues reached $96.77 billion, marking a $15.31 billion increase from the previous year. Net income attributable to common stockholders also rose to $15.00 billion, up $2.44 billion from the prior year, including a one-time non-cash tax benefit of $5.93 billion. Despite a decrease in cash flows from operating activities by $1.47 billion, Tesla ended the year with $29.09 billion in cash and cash equivalents and investments, an increase of $6.91 billion from 2022. Capital expenditures grew by $1.74 billion to $8.90 billion, reflecting the company's continued investment in growth and innovation. Tesla's automotive segment saw a production of 1,845,985 vehicles and deliveries of 1,808,581 vehicles in 2023. The company also deployed 14.72 GWh of energy storage products and 223 megawatts of solar energy systems. Looking ahead, Tesla plans to exceed $10.00 billion in capital expenditures in 2024 and aims to be between $8.00 to $10.00 billion in the following two fiscal years. The company's focus remains on increasing vehicle production and delivery capabilities, reducing costs, and expanding its global infrastructure.