Tesla offered discounts in its top markets during the quarter.
Tesla slightly beat analysts’ estimates for fourth-quarter revenue on Wednesday, powered by record delivery of electric vehicles during the last three months of 2022.
Tesla has outperformed the industry and increased sales and profit to records in recent years, weathering the pandemic and global supply-chain issues better than rivals. But its recent,mark a move toward stimulating growth at the expense of profit margins, underscoring softening demand. The company said revenue was $24.32 billion for the three months ended Dec. 31, compared with analysts’ average estimate of $24.16 billion, according to IBES data from Refinitiv.Tesla offered discounts in its top markets during the quarter after strong orders had allowed the company to maintain and even raise prices in recent years. CEO Elon Musk said in December “radical interest rate changes” had affected the affordability of all cars.
Elon Musk said in December that “radical interest rate changes” had affected the affordability of all cars.The EV maker handed over to customers a record 405,278 vehicles in the fourth quarter, even as the company missed its 50% annual growth target. Net profit for the quarter was $3.69 billion, or $1.07 per share, compared with $2.32 billion, or 68 cents per share, a year earlier.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk: Tweets about taking Tesla private weren't fraudSAN FRANCISCO (AP) — Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed.
Leer más »
Elon Musk defends his tweets about taking Tesla privateThe 51-year-old billionaire Tesla CEO and Twitter owner is facing a class action lawsuit filed by Tesla investors alleging he misled them with a tweet saying funding was secured to take his electric car company private — for $420 per share.
Leer más »
Elon Musk testifies in 2nd day of Tesla tweet trialElon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet.
Leer más »
Elon Musk: Tweets about taking Tesla private weren't fraudElon Musk has returned to federal court in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet
Leer más »
Elon Musk tells court Saudi Arabia wanted to take Tesla private, $420 'not a joke'Elon Musk testified Monday that the $420-a-share price on the deal “was a coincidence” as it was roughly a 20% premium over Tesla’s stock price at the time, and “not a joke.”
Leer más »
Elon Musk admits Tesla investors would rely on 'funding secured' tweetElon Musk admitted in court on Monday that he wanted Tesla shareholders to rely on his infamous 2018 tweet that he had 'funding secured' to take the automaker private, despite his repeated attempts to say that he only believed he could secure the money.
Leer más »