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2023-01-25 21:08:47

Tesla beats quarterly revenue estimates

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Channel NewsAsia
By Cna

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Tesla Inc beat analysts' estimate for fourth-quarter revenue on Wednesday, powered by record delivery of electric vehicles during the last three months of 2022.

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.

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