Tesla: The Road Ahead in 2022
January 27 2022 - 06:46AM
TipRanks
Amid the global chip shortage, Tesla (NASDAQ:TSLA) delivered robust
Q4 results. For context, this EV giant delivered a record number of
vehicles, while its top and bottom line came in well ahead of
analysts’ forecasts. In Q4, Tesla delivered 308K vehicles,
well ahead of the Street’s estimates of $265K. Further, total
revenues increased 65% year-over-year to $17.7 billion and exceeded
analysts’ forecasts of $17.1 billion. Tesla’s adjusted earnings of
$2.54 per share jumped 218% year-over-year and surpassed the
consensus estimate of $2.36. Its strong profitability
reflects growth in deliveries, a decline in COGS (cost of goods
sold) per vehicle, and strength in other businesses.
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Tesla (NASDAQ:TSLA)
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