Tesla earnings date 2023

2023 - 1 - 25

Tesla reports record revenue and beats on earnings (CNBC)

Tesla just reported fourth-quarter earnings for 2022 including revenue of $24.32 billion, and earnings per share of $1.19. Automotive revenue amounted to ...

The cost of revenue for its energy division was high, though, at $1.15 billion in the fourth quarter. Tesla also said that approximately 400,000 customers in North America now have the ability to test out its experimental, "FSD Beta" driver assistance system. Factories in Austin, Texas and near Berlin, Germany, each have capacity to make 250,000 Model Y vehicles annually, the company says. [I have one of] the most interactive accounts, social media accounts, maybe in the world, certainly on Twitter, and that actually predated the acquisition. Automotive gross margins came in at 25.9%, the lowest figure in the last five quarters. [cut prices](https://www.cnbc.com/2023/01/13/tesla-cuts-prices-in-us-and-europe-to-stoke-sales.html) on its cars around the world, upsetting customers in the U.S. Tesla reported automotive revenue of $21.3 billion in the fourth quarter, representing 33% growth year-over-year. and China who recently bought new Teslas at higher prices, and triggering an instant decline in used Tesla prices in the U.S. We're currently seeing orders of almost twice the rate of production." And I really encourage companies out there of all kinds automotive or otherwise to make more use of Twitter and to to use their Twitter accounts in ways that are interesting and informative, entertaining, and it will help drive sales just as it has with Tesla." Shares rose more than 5% after hours after CEO Elon Musk said the company might be able to produce 2 million cars this year. Here are the results.

Tesla Stock Rises On Earnings, Upcoming Vehicles; EV Giant ... (Investor's Business Daily)

Tesla stock rose late as earnings topped Q4 views and the EV giant teased upcoming vehicles. TSLA has soared from its Jan. 6 bear market low.

[bouncing in the week](https://www.investors.com/news/tesla-stock-extends-rally-china-ev-registrations-jump-following-price-cuts/) of Jan. Tesla stock has an 46 [Composite Rating](https://www.investors.com/how-to-invest/investors-corner/stocks-to-buy-and-watch-ibd-composite-rating-top-growth-stocks/) out of 99. and Europe](https://www.investors.com/news/tesla-stock-tumbles-as-ev-giant-slash-u-s-european-prices/). The stock has an 5 Relative Strength Rating, an exclusive [IBD Stock Checkup](https://research.investors.com/stock-checkup/nasdaq-tesla-tsla.aspx) gauge for share-price movement. [Auto Manufacturers industry group](https://research.investors.com/stock-checkup/nasdaq-tesla-tsla.aspx). [hit a record 405,278 in the fourth quarter](https://www.investors.com/news/tesla-deliveries-hit-record-405278-in-q4-miss-views-despite-big-incentives/). Musk told investors Wednesday that so far in January, Tesla has "seen the strongest orders year-to-date than ever in our history." Tesla is planning to build a $3.5 billion manufacturing facility in Northern Nevada for Semi trucks, according to the Nevada Independent. And so these price changes really make a difference for the average consumer," Musk said. The deliveries also swelled 40% to 1,313,851 in 2022. The Model 3 sedan and Model Y crossover accounted for the vast majority of sales. Other reports say the Cybertruck will begin mass production in late 2023.

Tesla Posts Best-Ever Quarterly Revenue And Profit (Forbes)

The latest earnings report poses “one of the most important moments in the history of Tesla,” according to one prominent analyst.

[testified](https://www.forbes.com/sites/dereksaul/2023/01/24/elon-musk-trial-tesla-ceo-says-i-thought-i-was-doing-the-right-thing-in-testimony-over-tweet/?sh=6d185ac56dc6) in San Francisco federal court for about nine hours this week as part of a civil lawsuit seeking billions in damages from Musk over his infamous 2018 tweet saying he secured funding to take Tesla private at $420 per share, causing shares of the company to gain 6% before falling dramatically. Tesla stock tanked as Musk offloaded [$22.9 billion](https://www.forbes.com/sites/dereksaul/2022/12/15/elon-musk-has-now-sold-229-billion-in-tesla-shares-since-buying-twitter-and-dragged-down-teslas-market-cap-by-700-billion-in-the-process/?sh=2a0f017268b6) worth of his shares in the company to finance his Twitter deal, though Musk [vowed](https://www.forbes.com/sites/nicholasreimann/2022/12/22/musk-promises-not-to-sell-more-tesla-stock-but-hes-broken-vow-before/?sh=63d8cc0d5266) in December to not sell any more Tesla stock for at least two more years. The credits, which Tesla sells to other automakers coming in below federal emission guidelines, are a That’s how much Tesla received in automotive regulatory credits, roughly 2% of all revenues. Tweet” and admitting to the struggles of balancing running the social media giant and Tesla, [writing](https://twitter.com/elonmusk/status/1618319479662055426), “It is not possible for me to fix every aspect of Twitter worldwide overnight, while still running Tesla and SpaceX, among other things.” [Tesla’s Brand Is Tanking, Survey Finds](https://www.forbes.com/sites/alanohnsman/2023/01/12/teslas-brand-is-tanking-survey-finds/?sh=6017f86b2b78) (Forbes) [Big Tech Stocks Lose $200 Billion After Microsoft Sets Off Earnings Recession Whistles](https://www.forbes.com/sites/dereksaul/2023/01/25/big-tech-stocks-lose-200-billion-after-microsoft-sets-off-earnings-recession-whistles/?sh=720851796eea) (Forbes) [Elon Musk Trial: Tesla CEO Says ‘I Thought I Was Doing The Right Thing' In Testimony Over Tweet](https://www.forbes.com/sites/dereksaul/2023/01/24/elon-musk-trial-tesla-ceo-says-i-thought-i-was-doing-the-right-thing-in-testimony-over-tweet/?sh=6d185ac56dc6) (Forbes) Tesla [slashed](https://www.wsj.com/articles/tesla-cuts-prices-across-models-sold-in-u-s-11673586100?mod=article_inline) prices on its cars by as much as 20% earlier this month in a surprise move that Morgan Stanley analysts called a “response to slowing incremental demand relative to incremental supply,” with the company previously reporting quarterly vehicle deliveries that [fell short](https://www.forbes.com/sites/alanohnsman/2023/01/02/tesla-posts-record-ev-deliveries-in-fourth-quarter--but-misses-expectations/?sh=553106f19795) of expectations. But Musk furthered his commitment to Twitter on Wednesday, changing his profile name on the site to “Mr. [key driver](https://www.forbes.com/sites/greatspeculations/2021/11/29/will-regulatory-credits-continue-to-bolster-teslas-profits/?sh=8dc0d9062d82) of the company’s profitability as Tesla can pocket nearly all of the sales. [broader tech selloff](https://www.forbes.com/sites/dereksaul/2023/01/25/big-tech-stocks-lose-200-billion-after-microsoft-sets-off-earnings-recession-whistles/?sh=720851796eea) following Microsoft’s bleak earnings report after Tuesday’s close. [decline](https://www.forbes.com/sites/alanohnsman/2023/01/12/teslas-brand-is-tanking-survey-finds/?sh=6017f86b2b78) of Tesla’s net favorability since Musk bought Twitter. Musk has served as Twitter CEO for the last three months, though he’s indicated he hopes to soon name a replacement.

Tesla posts record net income for fourth quarter of 2022 (USA TODAY)

Tesla posted its fourth quarter earnings Wednesday and despite TSLA stock taking a beating in the past year, Elon Musk says demand is remains high.

The company’s profit was 59% more than the same period a year ago. [A guide to Musklandia in the Austin area](https://www.usatoday.com/story/tech/2022/12/27/elon-musk-texas-twitter-tesla-spacex/10945241002/) [Musk sold nearly ](https://www.usatoday.com/story/money/business/2022/08/10/elon-musk-sells-7-billion-in-tesla-stock/10286820002/) [$7 billion worth of Tesla shares](https://www.usatoday.com/story/money/business/2022/08/10/elon-musk-sells-7-billion-in-tesla-stock/10286820002/) to get his finances in order ahead of his acquisition of Twitter, a move that frustrated investors. That beat estimates of $1.13 that had been reduced by analysts, according to FactSet. [Could it could recover in 2023?](https://www.usatoday.com/story/money/2022/12/28/tesla-stock-musk-shanghai-production/10958559002/) [on track for its worst year](https://www.usatoday.com/story/money/2022/12/28/tesla-stock-musk-shanghai-production/10958559002/), was facing doubts about its business after discouraging sales and a series of [price cuts for Tesla vehicles](https://www.usatoday.com/story/money/cars/2023/01/14/tesla-price-drop-model-y-electric-vehicle-tax-credits-sales/11054690002/) across the globe.

Five Key Things to Watch in Tesla's Earnings Report (Bloomberg)

Tesla Inc. investors badly bruised by last year's 65% rout are looking for clarity from Wednesday's earnings report on demand for its electric vehicles, ...

Early this year, Tesla reported fourth-quarter deliveries that [fell well short](https://www.bloomberg.com/news/articles/2023-01-02/tesla-notches-record-delivering-405-278-cars-in-fourth-quarter) of expectations, then [slashed prices](https://www.bloomberg.com/news/articles/2023-01-13/tesla-slashes-prices-in-us-to-qualify-models-for-tax-credit) in the US and Europe. [Twitter Inc.](/quote/TWTR:US) in late October, then offloaded billions of dollars worth of Tesla stock in [November](https://www.bloomberg.com/news/articles/2022-11-09/musk-sells-3-95-billion-of-tesla-stock-after-twitter-takeover) and [December](https://www.bloomberg.com/news/articles/2022-12-15/elon-musk-sells-at-least-3-6-billion-of-tesla-shares).

Tesla Earnings: EV Maker Warns of Economic Uncertainty, Reports ... (The Wall Street Journal)

“We currently are seeing orders at almost twice the rate of production,” Mr. Musk said Wednesday after the company reported record quarterly profit in its ...

[20% off your next online order - Walmart coupon code](https://www.wsj.com/coupons/walmart) [Kohl's Coupon 30% off sitewide](https://www.wsj.com/coupons/kohls) “We currently are seeing orders at almost twice the rate of production,” Mr.

Next up for Elon Musk: Crucial Tesla earnings and outlook (CNN)

Tesla is expected to report record earnings after the bell Wednesday, but it might not be enough to satisfy anxious investors.

[testifying in a federal lawsuit](http://www.cnn.com/2023/01/24/business/elon-musk-funding-secured-trial-testimony/index.html) over his 2018 tweet that he had “funding secured” to take Tesla private back when it was still losing money and facing a cash crunch. “It would help if Musk were to say on the conference call he’s no longer going to sell stock.” Some of those sales came after Musk had declared on Twitter that he was done selling Tesla shares. He also believes Tesla will have to give some clarity on profit margins, given that recent price cuts will reduce the revenue it can expect on each vehicle. Fourth quarter sales left it with full-year growth of only 40%. But investors weren’t prepared for how badly it would miss that mark. And just how bad will the margins look?” said Dan Ives, tech analyst with Wedbush Securities. [Musk’s $44 billion purchase of Twitter](http://www.cnn.com/2022/10/28/tech/elon-musk-twitter-deal-close/index.html) and his sale of [nearly $23 billion worth of Tesla stock](http://www.cnn.com/2022/12/15/investing/elon-musk-tesla-stock-sale/index.html) to help fund that purchase. US buyers are now paying $44,000 for the basic version of the Model 3, $3,000 less than they were paying in late November. Ives said he thinks a 35% growth target going forward is more realistic, given the increased competition in electric vehicles from traditional automakers. [could still reach its 50% annual sales growth](http://www.cnn.com/2022/07/20/business/tesla-earnings/index.html) despite the fact that its Shanghai factory and most of its Chinese sales had been shutdown by Covid outbreaks. Subsequent additional price cuts in January have raised concerns that the company is facing softening demand for its products.