Summary by Moomoo AI
Tesla, the electric vehicle and clean energy company, reported a significant increase in its financial performance for the year 2023. The company's total revenues reached $96.77 billion, marking a $15.31 billion increase from the previous year. Net income attributable to common stockholders also rose to $15.00 billion, up $2.44 billion from the prior year, including a one-time non-cash tax benefit of $5.93 billion. Despite a decrease in cash flows from operating activities by $1.47 billion, Tesla ended the year with $29.09 billion in cash and cash equivalents and investments, an increase of $6.91 billion from 2022. Capital expenditures grew by $1.74 billion to $8.90 billion, reflecting the company's continued investment in growth and innovation. Tesla's automotive segment saw a production of 1,845,985 vehicles and deliveries of 1,808,581 vehicles in...Show More