Tesla right this moment (Jan. 25) reported a internet revenue of $4.1 billion, or $1.19 per share, on $24.3 billion in income for the three months that ended Dec. 31. Each numbers beat analysts’ estimates, however the revenue margin for its electrical automotive gross sales fell wanting expectations at 25.9 p.c, the bottom in additional than a yr.
Tesla shares wobbled in right this moment’s after-hour buying and selling, leaping greater than 3 p.c earlier than shedding its positive factors.
The electrical carmaker’s quarterly income represents a 37 p.c bounce from final yr, whereas working bills fell 16 p.c. Full-year revenue got here at $12.6 billion on $81.5 billion in income, each up greater than 50 p.c from 2021.
Within the final three months of 2022, the Elon Musk-led firm delivered 405,278 electrical autos globally, a report excessive however wanting its personal goal. Full-year automobile deliveries got here at round 1.31 million models, additionally a report excessive.
In December, Tesla drastically minimize the costs of its common Mannequin 3 and Mannequin Y autos within the U.S., Europe and China, which spurred gross sales within the final month of 2022 however barely dragged down its quarterly revenue margin.
