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Just after the close of the US stock market, Tesla has released its fourth quarter 2022 financial results, together with an overview of the last vintage. The forecasts were quite high, thanks to the record deliveries recorded in the last three months, but there was the risk that the discounts applied as a last resort could have a negative impact.
Wall Street analysts had forecast revenues of $24.6 billion, with earnings of $1.13 a share. The actual results are a bit in the middle, with slightly lower grossing, $24.3 billion, but with higher earnings, $1.19 a share.
Tesla’s main strength continues to be the operating margin of the automotive sector, which in Q4 stands at an incredible 25.9%, a share that the competition cannot even approach. As a result, cash or cash equivalents continue to increase. In the last three months, it’s added over $1 billion, coming in to the total of 22.1 billion in the safe.
In general, 2022 was a turning point, despite some difficulties with the supply chain, as for the whole sector, and in the 12 months Tesla achieved a net profit of more than 12 billion dollars.
On the sidelines of the call with investors, Tesla also communicated that for 2023 it plans to further increase production and delivery volumes, but at the same time cut operating costs to cope with the unstable global macroeconomic situation.
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