Tesla made $3.69 billion in its fourth quarter, an adjusted $1.19 per share. Tesla produced its highest-ever quarterly revenue, net income and operating income in the fourth quarter.įor all of 2022, Tesla's revenue rose to $81.5 billion, a 51% jump over 2021. More: Tesla plans $700 million in growth at Austin facility, documents show Record profit, revenue to close out 2022 Some key takeaways from Tesla's earnings report. "But long-term, Tesla will be the most valuable company on Earth." "There's going to be bumps along the way, and we will probably have a pretty difficult recession this year probably. Musk said despite shaky economic conditions, he is convinced Tesla's best days are ahead of it. The company moved its corporate headquarters to Austin in 2021. "The Tesla team achieved these records despite the fact that 2022 was an incredibly challenging year due to forced shutdowns, very high interest rates and many delivery challenges."Īs Tesla continues to step up production in Austin, Musk said the company is closing in on starting to build its Cybertruck at the Central Texas manufacturing facility. “Many investors/fans will likely miss Musk on future earnings calls, but they will be better served without his over-reaching statements and predictions."It was our best year ever on so many levels." Musk said during a Wednesday conference call with investors. “Hopefully, Tesla can find an executive to answer tough questions and give straightforward explanations without the sideshow,” penned MarketWatch. But once we have full self-driving widely deployed, then the value proposition will be clear.” “Right now, does it make sense for somebody to do an FSD subscription? I think it’s debatable. Otherwise, people are kind of betting on the future,” Musk said on Monday. “We need to make full self-driving work in order for it to be a compelling value proposition. On his last call on Monday, Musk addressed Tesla’s supply chain challenges, including a global chip shortage, timelines of Tesla Semi and Cybertruck, and controversies around Tesla’s hyped “ Full Self-Driving” service package, which struggles to live up to its name. However, there is still plenty of valuable information that Tesla investors need from the CEO. Only 3.5 percent of total revenue came from sales of regulatory credits-a positive sign that Tesla is growing independent of government subsidies. Revenue from EV sales came in at $10.21 billion for the quarter. In the second quarter, the company posted $1.4 billion in GAAP net income, an all-time high and a tenfold growth from a year ago. He left the company’s chief financial officer in charge of those meetings.įinancially, Tesla is in a really good place right now. Jeff Bezos (now retired), for instance, rarely spoke on Amazon’s quarterly calls. It’s not uncommon for high-profile CEOs to avoid earnings calls. Musk’s past earnings call “landmines” that threw Tesla’s stock price into a tailspin include shaming an analyst for asking “boring, bonehead questions” (May 2018), appointing a new Tesla CFO nobody had heard of (January 2019), and describing California’s COVID-19 shutdown orders as “ fascist” (April 2020). “Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla’s path,” MarketWatch said in an op-ed Tuesday.
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