2023-01-25 21:28:17

Tesla Q4 Earnings Highlights: Revenue And EPS Beat, Cybertruck And Crypto Holdings Updates And More

Logo Benzinga
Benzinga
By Chris Katje

Electric vehicle leader Tesla Inc TSLA reported fourth-quarter earnings after themarket close Wednesday. Here are the key highlights.

What Happened: Tesla reported fourth-quarter revenue of $24.32 billion, which was up 37% year-over-year. The revenue total beat a Street estimate of $24.03 billion, according to data from Benzinga Pro.

Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13.

The company said the fourth quarter marked the highest revenue, operating income and net income in company history.

Automotive revenue was $21.3 billion, up 33% year-over-year.

The company reported solar deployment of 100 MW in the fourth quarter, up 18% year-over-year. Energy storage totaled 2,462 MWh in the fourth quarter, up 152% year-over-year.

Vehicle productiontotaled439,701 units in the fourth quarter and deliveries amounted to 405,278 electric vehicles. These figures were up 44% and 31% year-over-year, respectively.

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