Tesla (TSLA) Earnings Q4 2022

A red Tesla car drives past a Tesla dealership in Wanchai, Hong Kong, China, 13 September 2022. (Photo by Mark Fernandes/NurPhoto via Getty Images)

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Electric vehicle maker Tesla plans to report fourth-quarter results after the market closes on Wednesday.

According to Refinitiv, as of Wednesday morning, analysts were expecting:

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  • Earnings (adjusted): $1.13 per share
  • Revenue: $24.16 billion

In the year-ago quarter, Tesla reported revenue of $17.72 billion and adjusted earnings per share of $2.52.

Earlier this month, Tesla Reported Vehicle Distribution & Production The numbers for the fourth quarter of 2022 that set a new record for the company but fell short of the company’s targets and analysts’ expectations despite cutting prices of its cars in December to prompt customers to take delivery before the end of the year. She retreated.

Tesla reported deliveries of 405,278 vehicles and production of 439,701 vehicles in the period ending December 31, 2022. Full-year deliveries totaled nearly 1.31 million, a record for Tesla, after the company resumed production at its new factories in Austin, Texas, and Brandenburg. Germany.

Last year, Musk said the factories were “similar to”money burning furnacesIn an interview with an Owners Club posted on YouTube in June.

So far in 2023, Tesla has continued to cut prices of its cars around the world, upsetting customers in the US and China who recently bought new Teslas at higher prices, as well as used Teslas in the US. triggered an immediate drop in prices.

Tesla takes questions ahead of its earnings call via a site Say.com from both retail and institutional investors.

Among other things, investors on that site say they want to know how recent price cuts will affect Tesla’s automotive gross margin, how much the company expects sales of its cars to grow in 2023, and That’s when Tesla plans to begin mass production and delivery of its long-delayed, sci-fi-inspired, pickup truck Cybertruck.

During the fourth quarter of 2022, shareholders sought answers from Tesla and Elon Musk regarding their intentions at the automaker as Tesla’s share price declined. Tesla’s share price has declined by more than 40% in the last six months.

Musk is currently dividing his time, attention and resources between Tesla, SpaceX, the defense contractor where he is CEO, and Twitter, the social media business he recently acquired.

Celebrity CEOs sold billions of dollars last year, including their Tesla holdings $3.6 billion in the fourth quarterPartly to finance the Twitter deal, which closes in late October 2022. He promptly appointed himself “Chief Twit” and CEO.

Since taking over Twitter, he has made sweeping changes to the business and service, including allowing people who had been permanently suspended from the platform to get back online.

According to research shared with CNBC by YouGov, Musk’s moves on Twitter, and his political statements on the social media platform, have correlated with a sharp decline in the reputation of Musk and Tesla, especially in the liberal-very-liberal US. – Among people with inclinations.

This is breaking news. Please check back for updates.

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