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Tesla released its fourth-quarter 2022 financial effects on Wednesday afternoon. The company made a profit of $24. 3 billion, a 37% increase over the fourth quarter of 2021. Auto profit accounted for the lion’s percentage: $21. 3 billion, a 33% increase from the fourth quarter of 2021. This resulted in a net profit source of $3. 7 billion after GAAP was applied, an impressive 59% increase over the fourth quarter of 2021.
This means Tesla had a wonderful year in 2022, despite the absence of its sales forecast. Automotive revenue increased 51% from 2021, generating $71. 5 billion. Total revenue increased by the same percentage year-over-year to $81. 4 billion. Operating expenses were $7200 million and, after applying GAAP, Tesla ended the year with a net revenue source of $12600 million. Free money fell 49% to $1400 million.
Tesla declared profits for its questionable “Full Self Driving” this year after opening the beta to all Tesla owners, provided they paid $15,000. However, despite CEO Elon Musk’s claims that the company’s long-term monetary depends on FSD, until 2022 that only translated to $324 million. Tesla’s monetary filing states that “we plan to recognize the nearly billion dollars of deferred profit left for those consumers over time as software updates are delivered. “Elsewhere in its monetary presentation, it states that there are about 400,000 SDP users in the US. USA and Canada.
Regulatory loans for blank cars played a bigger but even smaller role in the company’s profitability, contributing $1. 8 billion to the bottom line. That’s a 21% increase from 2021 and the maximum money Tesla has made from regulatory credits, despite fears that the advent of electric cars from classic OEMs may cause that to dry out. Perhaps to that end, the company says it strives to have to deliver so many of its cars in the third month of each quarter.
As we reported earlier this month, in 2022, Tesla manufactured 1,369,611 cars, of which 1,298,434 were Model 3 or Y. This represents a 43% year-on-year increase in production of those models. But it was only able to locate homes for 1,313,851 cars in total, while that represented 40 percent year-over-year growth, less than the 50 percent year-over-year increase the automaker had promised investors. vehicles
Tesla’s solar business had a flat 2022, expanding just 1% year-over-year in terms of solar megawatts deployed. But it deployed 6. 5 gigawatt hours of battery storage, an expansion of 64 from last year.
In its outlook statement, Tesla remains positive and reiterates its 50% annual growth target, but with the caveat that “some years we may grow faster and others more slowly. “By 2023, it announces that it will deliver 1. 8 million cars. Tesla also says it’s at the tooling level for its Cybertruck, which will go into production in Texas later this year.
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