Tesla just reported fourth-quarter earnings for 2022 including revenue of $24.32 billion, and earnings per share of $1.19. Automotive revenue amounted to ...
The cost of revenue for its energy division was high, though, at $1.15 billion in the fourth quarter. Tesla also said that approximately 400,000 customers in North America now have the ability to test out its experimental, "FSD Beta" driver assistance system. Factories in Austin, Texas and near Berlin, Germany, each have capacity to make 250,000 Model Y vehicles annually, the company says. [I have one of] the most interactive accounts, social media accounts, maybe in the world, certainly on Twitter, and that actually predated the acquisition. Automotive gross margins came in at 25.9%, the lowest figure in the last five quarters. [cut prices](https://www.cnbc.com/2023/01/13/tesla-cuts-prices-in-us-and-europe-to-stoke-sales.html) on its cars around the world, upsetting customers in the U.S. Tesla reported automotive revenue of $21.3 billion in the fourth quarter, representing 33% growth year-over-year. and China who recently bought new Teslas at higher prices, and triggering an instant decline in used Tesla prices in the U.S. We're currently seeing orders of almost twice the rate of production." And I really encourage companies out there of all kinds automotive or otherwise to make more use of Twitter and to to use their Twitter accounts in ways that are interesting and informative, entertaining, and it will help drive sales just as it has with Tesla." Shares rose more than 5% after hours after CEO Elon Musk said the company might be able to produce 2 million cars this year. Here are the results.
“We currently are seeing orders at almost twice the rate of production,” Mr. Musk said Wednesday after the company reported record quarterly profit in its ...
[20% off your next online order - Walmart coupon code](https://www.wsj.com/coupons/walmart) [Kohl's Coupon 30% off sitewide](https://www.wsj.com/coupons/kohls) “We currently are seeing orders at almost twice the rate of production,” Mr.
Tesla (TSLA) has released its financial results and shareholders letter for the fourth quarter and full-year 2022 after market close today.
Be sure to check out our [homepage](https://electrek.co/)for all the latest news, and follow Electrek on [YouTube channel](https://youtube.com/c/electrekco)for the latest reviews. [Q4 2022 shareholder presentation](https://tesla-cdn.thron.com/static/GZR0GS_TSLA_Q4_2022_Update_PVPJAG.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22b7871185-dd6a-4d79-9c3b-19b497227f2a.pdf%22) in full and conference call: [subscribing to Electrek on Google News](https://news.google.com/publications/CAAqBwgKMKqD-Qow6c_gAg?ceid=US:en&oc=3). Furthermore, we expected a ramp-up of Tesla’s energy business, which is also harder to estimate. Refresh for the latest information. You’re reading Electrek— experts who break news about [Tesla](https://electrek.co/guides/tesla/), [electric vehicles,](https://electrek.co/best-electric-vehicle-prices/)and [green energy](https://electrek.co/guides/egeb/), day after day. [our Tesla Q4 2022 earnings preview](https://electrek.co/2022/10/18/tesla-tsla-q3-2022-preview/https://electrek.co/2023/01/24/tesla-tsla-q4-full-year-2022-preview/) with Wall Street expectations and crowdsourced expectations.
Tesla earnings of $1.19 per share surpassed the Zacks consensus by a solid dime, while $24.32 billion in sales easily swept past expectations.
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Distillate Capital, an investment management firm, released its fourth quarter 2022 investor letter, a copy of the same can be downloaded here.
A lot could go wrong with Tesla's (TSLA) fourth quarter earnings call after the markets close on Wednesday. The market seems to be in agreement with T.
The author makes no representations as to the accuracy, completeness, or suitability of this information. The author will not be held responsible for information that is found at the end of links posted on this page. Support can be found at $128.50, especially in the case of a poor call. The author has not received compensation for writing this article, other than from FXStreet. The firms provide voting advice to institutional shareholders and index funds. Musk stated under oath that he had been in talks with the Saudi sovereign wealth fund about taking Tesla private at $420 a share in 2018, adding that the price tag was only coincidentally the same as the number that references cannabis. "Musk needs to rip the band-aid off and lay a more realistic delivery target for 2023 so the Street will have confidence in this number," wrote Dan Ives of Wedbush Securities recently. Oppenheimer says that Tesla needs to keep vehicle gross margins in the mid-20s despite its recent price cuts. Tesla delivered more than 405,000 units in Q4 alone, a new record for the king of electric vehicles. Zhu is now in charge of Tesla's North America and Europe production and sales operations as well. Observers will be excited to see if the China-born Tom Zhu makes an appearance on Tesla's earnings call since some have predicted he will eventually become CEO of Tesla. A large number of predictions have been released of late, but one wonders how Musk's own prediction of a recession in 2023 will affect this delivery number.
Tesla Inc. reported better-than expected profits in the latest quarter, even as it gave mixed signals on the outlook for growth in vehicle deliveries.
The time has come for Tesla (TSLA) to share its Q4 2022 earnings report. That will drop later today, detailing the company's financial performance over the ...
If you’re curious to hear what they have to say, we can show you how to listen to the Tesla (TSLA) Q4 2022 earnings call. Tesla tends to provide updates on vehicle production during its calls, so we’re curious to see if that’ll be the case this time around. [Shacknews Twitch channel](https://www.twitch.tv/shacknews), where you can listen with no strings attached. Tesla’s (TSLA) Q4 2022 earnings call will take place on January 25, 2023, at 2:30 p.m. The time has come for Tesla (TSLA) to share its Q4 2022 earnings report. We’ll be broadcasting the call over on the
Good afternoon, everyone, and welcome to Tesla's fourth quarter 2022 Q&A webcast. My name is Martin Viecha, VP of investor relations, and I'm joined today by ...
It's like easy -- I think easy to predict long term but hard to predict the time in between now and then. They work the hardest and they work the smartest. But the -- as we get closer and closer to solving real-world AI, and we don't see anyone even close to us in achieving this, the value -- I think you appreciate this and a few others do, but most don't know what I'm talking about. So as a quick follow-up, Elon, I was thinking about like FSD, and when you look at like the situation today compared to a year ago, it's -- like the progress has been like amazing in the quality of the product but also its rollout. My guess is if the recession is a serious one, and I think it probably will be but I hope it isn't, that would lead to meaningful decreases in almost all of our input costs. And I think it will blow people's minds when they -- when we reveal them. And of course, you're missing the car that you love and the one you actually want to drive. And to be clear, for 2023, Cybertruck will not be a significant contributor to the bottom line, but it will be next year. I have the most interactive account -- social media account, I think, maybe in the world, certainly on Twitter, and that actually predated the Twitter acquisition. Something that I think some of these smart retail investors understand but I think a lot of others maybe don't is that the -- every time we sell a car, it has the ability, just from uploading software, to have full self-driving enabled, and full self-driving is obviously getting better very rapidly. And so, I wanted to make sure that I shared that with the investor community as well because that is what we're primarily managing to now. And just as a reminder, the ASP reduction is not as large as the reduction in configurator prices.
Tesla (NASDAQ: TSLA) ticked higher by more than 7% in pre-market trading on Thursday after the EV major's CEO, Elon Musk outlined an upbeat sales and ...
The company’s automotive gross margin in Q4 came in at 25.9% versus more than 30% a year back. Analyst Ives had reiterated a Buy rating on As a result, Kirkhorn pointed out that the company’s operating margin is likely to be impacted over the near term. Ives’ price target implies an upside potential of 38.5% at current levels. The CEO pointed out that so far in January, “we’ve seen the strongest orders year-to-date than ever in our history. Tesla expects to sell 1.8 million EVs this year indicating a year-over-year sales growth of 37%.
Tesla, Inc.'s earnings report was rather lackluster. Click here to read my earnings analysis of TSLA stock.
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. As for Tesla shares, they were nearly unchanged in the after-hours session after this report. Accounts payable and accrued liabilities jumped by about 90% of that amount, a similar trend we've seen in the past with rising production. Of course, estimates had to come down quite a bit over the past three months, so this wasn't a great result in total. While management reiterated its 50% long-term compound annual growth rate guidance for production, the forecast of just 1.8 million units for this year was about 50,000 vehicles below the company compiled 2023 analyst delivery estimate. When it comes to the rest of the income statement, I wasn't terribly far off overall. In the shareholder letter, the following graphic was shown to detail how Tesla at 1.8 million vehicles this year would be ahead of that long-term target. That might be one reason why free cash flow at $1.42 billion was about half of what the street was looking for. Analysts were not that impressed with guidance at the Q3 report, and price cuts in China combined with U.S. It appears that I underestimated some of the headwinds Tesla was facing, as GAAP automotive margins dropped by 2 percentage points sequentially and 2.5 points when excluding credit sales. (NASDAQ: [TSLA](https://seekingalpha.com/symbol/TSLA)). Overall, [Tesla's Q4 results](https://seekingalpha.com/news/3928017-tesla-non-gaap-eps-of-1_19-beats-0_08-revenue-of-24_32b-in-line) were rather dull, as Q4 was mostly as expected and 2023 guidance came in a bit light.
Tesla (TSLA) posts a comprehensive beat in Q4, thanks to higher-than-expected revenues from Energy Generation/Storage and Services/Other segments.
The figure also topped the consensus mark of $1,490 million. The figure beat the consensus mark of $911 million. The Zacks Consensus Estimate for Ford’s to-be-reported quarter’s earnings and revenues is pegged at 59 cents per share and $39.31 billion, respectively. The Zacks Consensus Estimate for General Motors’ to-be-reported quarter’s earnings and revenues is pegged at $1.63 per share and $41.54 billion, respectively. Total automotive revenues of $21,307 million missed the consensus mark of $21,325 million but jumped 33% year over year. Tesla reported an overall gross margin of 23.8% for the reported quarter.
Tesla, Inc. (NASDAQ:TSLA) Q4 2022 Earnings Call Transcript January 25, 2023 Martin Viecha: Good afternoon everyone and welcome to Tesla's Fourth Quarter ...
Tesla (TSLA) stock is the leading stock on the NASDAQ on Thursday as Wednesday's post-market earnings release and a better than expected GDP number th.
GBP/USD came under bearish pressure and declined toward 1.2350 in the second half of the day on Thursday. The slide continued after the release of US economic data and as markets wobble ahead of next week’s FOMC meeting. The author makes no representations as to the accuracy, completeness, or suitability of this information. This price acted a strong resistance on a slew of occasions in the second half of 2020. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. EUR/USD has lost its traction and declined below 1.0900 during the American trading hours on Thursday. It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Additionally, early production will begin this Summer on the Cybertruck, though full commercial production will not begin until 2024. TSLA shares traded as high as $161.42 on the open and currently trading up 10% just under $159 at the time of writing. High January volume though could always just be cannabalizing demand for later in the year.