Tesla released financial results for its fourth fiscal quarter 2022. The company reports total revenue of $24,318 million, exceeding Wall Street’s expectations of about $23,600 million.
Net income is $3,687 million and operating margin is 25.9%, slightly below expectations of 26.4%. However, this is a remarkable figure that shows that Tesla remains the automaker that makes the most profit per unit..
This makes the fourth quarter of 2022 the most successful quarter in terms of revenue and earnings for the company. It also makes 2022 the best year for Tesla, with 51% year-on-year revenue growth and a doubling of net income compared to 2021.
The data comes amid a lengthy controversy that its CEO, Elon Musk, has been going through since the acquisition of Twitter. Accusations of his apparent inattention to Tesla and the lawsuit that pursues him for trying to buy back all the shares of the company and take it off the stock market. In addition to the great loss of reputation that his tweets caused to himself and how it negatively affected the public image of the companies he runs.
In terms of units built and delivered, Tesla failed to meet its 50% year-on-year growth target, but was close to it. Produced in the fourth quarter 439 701 vehicles and delivered 405 278. The absolute record of the company. This gives the total 1,369,611 units produced and 1,313,851 delivered. Make 2022 his most successful sales year.
| Model | Production | Delivery |
|---|---|---|
| Model S/X | 71 177 | 66 705 |
| Model 3/G | 1 298 434 | 1 247 146 |
| General | 1 369 611 | 1 313 851 |
Source: Hiper Textual
