Report: Tesla’s Earnings Beat & Update

On Wednesday, Tesla (TSLA) posted better-than-expected fourth-quarter numbers, but shares dipped slightly in extended trading as the carmaker warned supply chain concerns might continue into 2022.

TSLA’s adjusted EPS (earnings-per-share) came in at $2.52 per share, compared to analysts’ $2.36 per share. Revenue was $17.72 billion, compared to $16.57 billion projected by analysts. According to a statement, sales increased 65% year-over-year in the quarter, with automotive revenue totaling $15.97 billion, up 71%.

TSLA’s energy generation and storage revenue were $688 milliondown 8% from the previous year and less than the StreetAccount average of $815.1 million. It was the division’s lowest revenue since the first quarter of 2021. TSLA‘s net income increased by 760% to $2.32 billion, with a gross margin of 27.4%, up from 26.6% the prior quarter.

TSLA stated, “Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022.” In a tweet in November, CEO Elon Musk referred to the supply chain troubles, writing, “Oh man, this year has been such a supply chain nightmare, and it’s not over! I will provide an updated product roadmap on the next earnings call.”

The report is presented during the most crucial tech earnings season in years. The Nasdaq has had its worst January since 2008, as many investors have begun to lose faith in high-growth tech firms’ potential.

TSLA delivered 936,172 vehicles in 2021, up 87% from 2020 when it recorded its first annual profit on 499,647 deliveries. In the fourth quarter of 2021, it delivered 308,600 electric automobiles. (Deliveries are the most accurate estimate of TSLA‘s sales.)

Elon Musk, the company’s CEO, and other executives are anticipated to provide an update on the company’s long-awaited heavy-duty Semi truck, the experimental Cybertruck pickup, and plans for autonomous vehicle systems as well as a $25,000 compact automobile. TSLA reported in its shareholder presentation that its experimental driver assistance systems testing program, branded FSD Beta, had grown to about 60,000 customers in the United States.

The California Department of Motor Vehicles (DMV) and the National Highway Traffic Safety Administration (NHTSA) are both looking into TSLA‘s method of testing new and incomplete driver assistance systems with customers on public roads in the United States. The business noted, “Full Self-Driving (FSD) software remains one of our primary areas of focus. Over time, our software-related profit should accelerate our overall profitability.”

TSLA‘s first facility in the United States, in Fremont, California, set a new production record in 2021, according to the firm. TSLA currently plans to grow the facility’s capacity to beyond 600,000 vehicles per year.

Where to invest $1,000 right now...

Before you consider buying Tesla Motors, you'll want to see this.

Investing legend, Keith Kohl just revealed his #1 stock for 2022...

And it's not Tesla Motors.

Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.

Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.

Find that to be extraordinary?

Click here to watch his presentation, and decide for yourself...

But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.

Click here to find out the name and ticker of Keith's #1 pick...