Tesla's Impressive Earnings Growth in 2023
Strong Annual EPS Performance
Tesla, Inc. (TSLA) reported a remarkable 1,878% year-over-year increase in its diluted earnings per share (EPS) for the twelve months ending December 31, 2023. The company's EPS surged to $4.30 from just $0.23 in the same period of the previous year.
Growth Drivers
Several factors contributed to Tesla's impressive earnings growth in 2023:
- Increased vehicle deliveries, driven by strong demand for its electric vehicles
- Higher average selling prices
- Improved production efficiency
Annual and Quarterly Earnings Data
For investors interested in Tesla's financial performance, comprehensive earnings data is available online. Investors can access annual and quarterly earnings per share (EPS) data, as well as earnings forecasts, at various financial websites.
Recent Earnings Release
On Tuesday, April 22, 2023, Tesla released its first-quarter earnings results after the market close. The company reported strong earnings-per-share that exceeded analyst expectations. This positive earnings surprise contributed to a surge in Tesla's stock price in after-hours trading.
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