Tesla reported earnings per share of $3.12 for 2023, a 23% decline from 2023’s record $4.07; the company’s $16.6 billion in adjusted earnings before interest, taxes, depreciation and amortization was 13% lower than 2022’s $19.2 billion adjusted EBITDA.
Though the bottom line showed weakness, Tesla’s top line was stronger than ever, as its $96.8 billion in 2023 revenue was 19% higher than last year’s prior record.
For the fourth quarter, Tesla reported $25.2 billion of sales and $0.71 earnings per share, missing average analyst estimates of $25.6 billion and $0.73, according to FactSet.