Stock Analysis
- United States
- /
- Auto
- /
- NasdaqGS:TSLA
Tesla Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Tesla (NASDAQ:TSLA) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$25.5b (up 2.3% from 2Q 2023).
- Net income: US$1.48b (down 45% from 2Q 2023).
- Profit margin: 5.8% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.46 (down from US$0.85 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tesla Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are down 13% from a week ago.
Valuation
Our analysis of Tesla based on 6 different valuation metrics shows it might be overvalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
Valuation is complex, but we're here to simplify it.
Discover if Tesla might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're here to simplify it.
Discover if Tesla might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NasdaqGS:TSLA
Tesla
Designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Flawless balance sheet with moderate growth potential.