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Tesla Stock Soars After Earnings Surprises: Here's A Summary

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Tesla Stock Soars After Earnings Surprises: Here's A Summary via insideevs.com

Let's take a look at seven key takeaways from Tesla's fourth-quarter shareholder letter and earnings call yesterday.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...

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 (courtesy of

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LOL... Stock popped 10% and leveled off. Still SO far from it's peak only months ago 🤣😃🤣

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