Tesla Earnings (Beat Earnings & Revenue)
Here is the update on the Tesla Earnings from today...
Tesla's earnings reports can have a significant impact on the company's stock price. If the earnings are better than expected, the stock price may increase. Conversely, if the earnings are worse than expected, the stock price may decrease. Additionally, the stock market may react to any future guidance provided by the company, as well as any updates on the company's plans for growth or expansion. Overall, it is important for investors to closely monitor Tesla's earnings reports to gain insight into the company's financial performance and potential future prospects.
Here are todays results from Tesla Earnings:
Earnings (adjusted): $1.19 vs $1.13 per share expected
Revenue: $24.32 billion vs $24.16 billion expected
Beating both Earnings and Revenue.
Earlier this month, Tesla reported vehicle delivery and production numbers for the fourth quarter of 2022 that set a new record for the company, but fell shy of the company’s goals and analysts’ expectations, despite having cut prices on its cars in December to spur customers to take deliveries before the year’s end.
Tesla reported 405,278 vehicle deliveries and production of 439,701 vehicles in the period ending December 31, 2022. Full year deliveries amounted to around 1.31 million, a record for Tesla, after the company started production at its new factories in Austin, Texas, and Brandenburg, Germany.
So far in 2023, Tesla has continued to cut prices on its cars around the world, upsetting customers in the US and China who recently bought new Teslas at higher prices, and triggering an instant decline in used Tesla prices in the US as well.
Overall, 2023 is looking to be a big year for Tesla and Tesla share holders.
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