Tesla (TSLA. O) posted a gross margin of 19.8% in Q3 2024, up from 18% in the previous quarter. It expects vehicle deliveries to increase slightly in 2024, and energy storage deployments are expected to more than double year-over-year in 2024.
Tesla (TSLA. O) extended after-hours gains to 7.8%, with its gross margin higher than the previous reporting quarter. Tesla's gross margin in Q3 2024 was 19.8%, compared to 18% in the previous quarter. It expects 2024 vehicle deliveries to increase slightly, and energy storage deployment is expected to more than double year-on-year in 2024.
Tesla (TSLA. O) posted a gross margin of 18% in the second quarter, compared with market expectations of 17.4% and 18.2% in the same period last year.