Following yesterday’s earnings call, shareholders of Tesla stock are pleased to see a “comeback” after a tough few months. Sharesin the morning and continue to trade with high volume as a result of the electric carmaker’s earnings beat and rosy outlook for 2023, closing the day up nearly 11%.
Let’s take a look at seven key takeaways from Tesla’s fourth quarter shareholder letter and earnings call yesterday.Elon Musk explained, “It was a fantastic year for Tesla. It was our best year ever on every level. In 2022, we delivered over 1.3 million cars and achieved a 17% operating margin, the highest among any volume carmaker, I think maybe among any carmaker.”
CFO Zach Kirkhorn reflected on the past year’s accomplishments: “On a full year basis, revenue increased over 50%, operating income doubled, free cash flows increased over 50%, and our margins remained industry-leading.” In addition to the vehicle side of the business, he added that “the energy business had its strongest year yet across all metrics.”Musk noted that after Tesla’s recent price drops, “Demand far exceeds production … we’ve seen the strongest orders year-to-date ever in our history.
While it’s difficult to predict what’s coming, if we look through the rearview mirror, it’s clear that Tesla’s experienced some impressive growth, as evidenced in the charts below. If these trends continue, shareholders might want to buckle in for a fast-paced, exciting road ahead.Disclosure: Nothing above is financial or investment advice of any kind. We do not provide financial or investment advice here on CleanTechnica.
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