trending Market Intelligence /marketintelligence/en/news-insights/trending/YnyaP_YmR-DtVWVlJYtx6Q2 content esgSubNav
In This List

Tesla Q3 loss widens 221.3% YOY

Blog

Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha

Video

Battery metals - unbated long term need for supply security despite short-term headwinds

Podcast

Street Talk | Episode 116: Early remediation, not Basel III endgame, the answer to avoid repeat of spring 2023 bank failures


Tesla Q3 loss widens 221.3% YOY

Tesla Inc. said its third-quarter normalized net income was a loss of $1.10 per share, compared with the S&P Capital IQ consensus estimate of a loss of 59 cents per share.

The per-share loss widened 211.1% year over year from 36 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $142.5 million, compared with a loss of $44.4 million in the prior-year period.

The normalized profit margin fell to negative 15.2% from negative 5.2% in the year-earlier period.

Total revenue climbed 10.0% year over year to $936.8 million from $851.8 million, and total operating expenses climbed 25.8% on an annual basis to $1.12 billion from $890.9 million.

Reported net income totaled a loss of $229.9 million, or a loss of $1.78 per share, compared with a loss of $74.7 million, or a loss of 60 cents per share, in the year-earlier period.