How Much Profit is Hiding Within Tesla's Enormous $78 Billion in Automotive Revenue?
(NASDAQ: TSLA) is coming off a record year for electric vehicle sales. It delivered 1.8 million cars in 2023, including 1.2 million of its Model Y which became the best-selling vehicle of any kind, globally.
Tesla made headlines throughout the year for slashing prices to spur demand, because consumers were suffering under the pressures of high inflation and rising interest rates. The company reduced the sticker price of its electric vehicles by an average of 25.1% between December 2022 and December 2023.
That significantly impacted the company's bottom line. So, just how much of Tesla's $78.5 billion in car sales during 2023 was profit?
Source Fool.com