Tesla announces record profits
Tesla announced its balance sheet for the October-December 2022 period.
Consequently, the company’s revenue increased 37 percent in the last quarter of last year compared to the same period of the previous year, reaching $24.3 billion. Tesla had revenue of $17.7 billion in the fourth quarter of 2021.
Reaching a record level in this period, Tesla’s revenue exceeded market expectations of $24.2 billion. Tesla’s revenue increased 51 percent year-over-year to $81.5 billion in 2022.
The electric car maker’s net profit also rose 59 percent in the fourth quarter of last year compared to the same period a year earlier, reaching a record level of $3.7 billion.
NET INCOME DOUBLES IN THE YEAR
Tesla’s net profit was $2.3 billion in the last quarter of 2021.
Tesla’s net profit was recorded at $12.6 billion, doubling annually over the past year.
The company’s earnings per share, which was $0.68 in the fourth quarter of 2021, also increased to $1.07 in the same period last year.
40 PERCENT INCREASE IN THE NUMBER OF VEHICLES DELIVERED
Tesla delivered 1,313,851 vehicles globally in 2022.
The company’s vehicle production increased 47% annually in 2022, and the number of vehicles delivered increased 40%.
‘WE ARE PREPARED FOR SHORT-TERM UNCERTAINTY’
In the statement made by Tesla, it was indicated that the last quarter of last year and 2022 were the periods in which new records were broken.
Emphasizing that the company achieved its highest-ever quarterly revenue and net income in the most recent quarter, the statement said: “As we enter 2023, we know there are question marks over the near-term impact of a changing environment.” uncertain macroeconomic situation and especially rising interest rates”.
In the statement, it was emphasized that the Tesla team is used to challenges and that, in the near term, the company has accelerated its cost reduction roadmap and is moving towards higher production rates.
“We are prepared for near-term uncertainty as we focus on the long-term potential of autonomy, electrification and power solutions in any scenario,” the company said in a statement. (AA)