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Tesla reports record revenue and beats on earnings

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Electric vehicle maker Tesla reported earnings after the bell. Here are the results.

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In the year-ago quarter, Tesla reported revenue of $17.72 billion and adjusted earnings of $2.52 per share.Tesla reported automotive revenue of $21.3 billion in the fourth quarter, representing 33% growth year-over-year. $467 million of that came from regulatory credits in the fourth quarter of 2022, up by nearly half from the prior year in the same period.

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🔶Several months ago Tesla earnings plummeted. How could they rebound so quickly? Did Elon buy several hundred cars to make his earnings look good?

The FCF number is extremely concerning

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