Tesla said it posted GAAP operating income of $2.7B and GAAP net income of $2.2B for Q3 2024, with an operating margin of 10.8%. Total revenue was $25.2B, up 8% from a year earlier.

1. 01

   Tesla said it posted GAAP operating income of $2.7B and GAAP net income of $2.2B for Q3 2024, with an operating margin of 10.8%. Total revenue was $25.2B, up 8% from a year earlier.

2. 02

   The company said operating cash flow was $6.3B in Q3 2024 and free cash flow (operating cash flow less capital expenditures) was $2.7B. Cash, cash equivalents and investments rose $2.9B from the prior quarter to $33.6B.

3. 03

   The company said its Energy business posted a record gross margin of 30.5% in Q3 2024, up 596 basis points from the prior quarter. Storage deployed was 6.9 GWh in the same quarter.

4. 04

   The company said its deliveries for Q3 2024 totaled 462,890 and that vehicle deliveries for 2024 as a whole would grow slightly, while energy storage deployments were expected to more than double year-over-year.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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