What was Tesla's net income in 2023 in billions of dollars?

Tesla's net income in 2023 was approximately $14.99 billion.

Tesla’s fiscal year follows the calendar year, so this figure covers the 12 months ending December 31, 2023. In its annual filing, Tesla reported $14.997 billion in net income attributable to common stockholders, commonly rounded to $14.99 billion or about $15 billion. The company’s broader consolidated net-income figure was slightly different because of noncontrolling interests.

The result represented a major increase from Tesla’s earlier years, when the company was still reporting losses or much smaller profits. Tesla’s 2023 results were supported by record vehicle deliveries, energy-storage growth, and revenue from automotive, services, and other activities, although lower vehicle prices and operating costs reduced its margin.

A common mix-up is confusing net income with revenue. Tesla generated far more than $14.99 billion in total revenue during 2023; net income is the profit remaining after expenses, interest, taxes, and other costs.