Tesla’s Q4 Results Surpass Expectations
January 27 2022 - 01:12AM
TipRanks
Tesla, Inc. (NASDAQ: TSLA), one of the foremost names among EV
stocks, has reported better-than-expected results for the quarter
ended December 31, 2021. A robust growth witnessed in revenues was
primarily responsible for the strong results. Following the news,
shares of the company declined marginally to close at $929.90 in
Wednesday’s extended trading session. Revenue & Earnings Tesla
reported quarterly revenues of $17.72 billion, up 65% from the
previous year. Further, the figure surpassed the consensus estimate
of $16.35 billion. This growth can be attributed mainly to the
71.4% year-over-year growth witnessed in automotive revenues, which
also accounted for over 90% of the total revenues of the
company.
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Tesla (NASDAQ:TSLA)
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