• Tesla (NASDAQ: TSLA) exceeded analysts‘ expectations on revenue and earnings in Q4 2022, with revenue coming in at $24.32 billion and adjusted earnings per share for the quarter at $1.19.
• Automotive revenue for the quarter totaled $21.3 billion, representing a 33% jump from the year-ago quarter. Regulatory credits accounted for $467 million of the total automotive revenue.
• Average sales prices have decreased over the past years, resulting in the company’s lowest automotive gross margin in the last five quarters at 25.9%.

Tesla Inc. reported a strong fourth-quarter performance in 2022, exceeding analysts’ expectations both in terms of revenue and earnings. According to the company’s financial report, total revenue for the quarter came in at $24.32 billion, higher than analysts’ projection of $24.16 billion. At the same time, adjusted earnings per share (EPS) for the quarter were $1.19 instead of the expected $1.13 per share.

Tesla’s automotive revenue was an impressive $21.3 billion, representing a 33% jump from the year-ago quarter. The company noted that regulatory credits accounted for $467 million of the total automotive revenue. However, the average sales prices have decreased over the past years, resulting in the company’s lowest automotive gross margin in the last five quarters at 25.9%.

Tesla CEO Elon Musk was upbeat in his statement to shareholders and analysts, pointing out that the company had record orders in January. This could be attributed to Tesla’s expansion of its electric vehicle lineup, as well as its increased production capacity. Tesla has also been pushing into new markets, such as China and Europe, which has helped increase its market share.

Tesla’s strong financial performance in Q4 2022 has helped to boost investors’ confidence in the company, with the stock price climbing to record highs in recent trading sessions. The company is well-positioned to benefit from the growing demand for electric vehicles, and with Tesla’s continuous innovation and expansion efforts, it’s likely that the company will remain a leader in the EV space for many years to come.