Tesla reported a 65% rise in its fourth-quarter revenue and said that it’s having to operate below capacity because of parts shortages. But since it's more profitable than competitors, it ought to remain in front even at a lower gear: JMAGuilford
Electric-vehicle maker Tesla said on Jan. 26 that it made $17.7 billion in revenue in the fourth quarter of 2021, 65% higher than a year earlier and 7% above analyst estimates, according to Refinitiv. Earnings per share of $2.54 tripled year-on-year, after stripping out the cost of stock-based compensation.
Tesla’s gross margin was 30.6% in its core automotive business during the quarter and 27.4% overall, above expectations of 26.5% and higher than the 19.2% overall margin from a year earlier. The carmaker warned that its factories have been operating below capacity owing to supply chain pressures. Further capacity is expected to come online from new factories in Texas and Berlin, but both plants are still in the equipment testing phase.SpaceX owner and Tesla CEO Elon Musk listens during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019.
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