Tesla Full-Year Report 2023
In 2023, we delivered over 1.2 million Model Ys, making it the best-selling vehicle,
of any kind, globally. For a long time, many doubted the viability of EVs. Today, the
best-selling vehicle on the planet is an EV.
Highlights
- Profitability
- $8.9B GAAP operating income in 2023; $2.1B in Q4
- $15.0B GAAP net income in 2023; $7.9B in Q4
- $10.9B non-GAAP net income1 in 2023; $2.5B in Q4
- One-time non-cash tax benefit of $5.9B recorded in Q4 for the
- release of valuation allowance on certain deferred tax assets
- Cash
- Operating cash flow of $13.3B; free cash flow of $4.4B in 2023
- Operating cash flow of $4.4B; free cash flow of $2.1B in Q4
- $3.0B increase in our cash and investments in Q4 to $29.1B
- Operations
- Model Y became the best-selling vehicle in the world
- Energy storage deployment of 14.7 GWh in 2023, 125% growth
