Tesla: EPS Beats Estimates by $0.12; Revenue Misses

Key Takeaways

• Tesla reported EPS of $1.19, beating estimates by $0.12.
• Revenue came in at $21.45 billion, below the consensus estimate of $21.96 billion.
• The company delivered a record 405,278 vehicles in Q4.

EPS Beat, Revenue Miss

Tesla reported fourth-quarter earnings per share of $1.19, beating analysts' estimates by $0.12. Revenue came in at $21.45 billion, missing the consensus estimate of $21.96 billion.

The company's automotive gross margin was 25.9%, down from 27.9% in the same period last year. This was due to higher input costs and logistics expenses.

Record Deliveries

Despite the revenue miss, Tesla delivered a record 405,278 vehicles in Q4, up 31% year-over-year. This was driven by strong demand for the Model 3 and Model Y.

The company produced 439,701 vehicles in Q4, up 44% year-over-year. This suggests that Tesla is ramping up production to meet demand.

Outlook

Looking ahead, Tesla expects to increase production capacity by 50% in 2023. The company is also planning to launch the Cybertruck and Semi this year.

Tesla's long-term goal is to sell 20 million electric vehicles per year by 2030. The company is investing heavily in new factories and technology to achieve this goal.

Conclusion

Tesla's fourth-quarter results were a mixed bag. The company beat EPS estimates but missed on revenue. However, the record vehicle deliveries suggest that Tesla is still growing rapidly.

Investors will be watching closely to see if Tesla can continue to ramp up production and meet its ambitious growth targets.