• Tesla average gross margin for 2023 was 20.67%, a 22.29% decline from 2022.
• Tesla average gross margin for 2022 was 26.6%, a 16.16% decline from 2021.
• Tesla average gross margin for 2021 was 22.9%, a 14.33% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.