Is Tesla a good stock to buy in 2023?

“With Dojo, [Tesla] believes it will be able to have a supercomputer specifically designed for its image and video processing needs,” Deutsche Bank analysts led by Emmanuel Rosner wrote in a note to clients last week. Tesla shares are up more than 100% year-to-date, placing the stock among the top returners on the S&P 500 in 2023.

How much money did Tesla make in 2023?

Tesla delivered over 245,000 vehicles in 2018, compared to 1.81 million in 2023. Its revenue jumped from $21.5 billion in 2018 to $96.8 billion in 2023. The company derives most of its revenue from automotive sales. But it brought in $6 billion from energy generation and storage in 2023.

How did Tesla perform in 2023?

Tesla’s earnings have been mixed in recent quarters. In early 2024, the company missed earnings and revenue projections, a trend from the past three quarters. Operating margin in 2023 was 9.2%, down from 16.8% in 2022. Free cash flow decreased from $7.6 billion in 2022 to $4.4 billion in 2023. Revenue was up 19% year over year in 2023.