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Tesla Inc. (NASDAQ: TSLA) reported Q4 2022 financial results after the market close in the US on Wednesday.
World’s largest automaker reported revenue that fell short of Wall Street expectations at $24.32 billion (up by 37% vs. Q4 2021) vs. $24.669 billion expected.
The company beat earnings per share (EPS) estimates for Q4. EPS at $1.19 per share vs. $1.127 per share estimate.
”Q4-2022 was another record-breaking quarter and 2022 was another record- breaking year. In the last quarter, we achieved the highest-ever quarterly revenue, operating income and net income in our history. In 2022, total revenue grew 51% YoY to $81.5B and net income (GAP) more than doubled YoY to $12.6B.”
”As we progress into 2023, we know that there are questions about the near- term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates. The Tesla team is used to challenges, given the culture required to get the company to where it is today. In the near term we are accelerating our cost reduction roadmap and driving towards higher production rates, while staying focused on executing against the next phase of our roadmap.”
The share price of Tesla was up by 0.38% at $144.34 a share at market close on Wednesday.
The stock rose by around 1% in the after-hours trading after the results.
Tesla stock price targets
Tesla is the 13th largest company in the world with a market cap of $455.91 billion.
Tesla’s total market cap has decreased by 52% in the past year.
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Sources: Tesla Inc., TradingView, MarketWatch, MetaTrader 5, WSJ, CompaniesMarketCap
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