Tesla (TSLA) earnings Q4 2022

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

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

Here’s what analysts were expecting, according to Refinitiv on Wednesday morning:

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

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 delivery and production numbers for the fourth quarter of 2022, which set a new record for the company but fell short of analysts’ targets and expectations, despite lowering the prices of its cars in December to spur customers to accept deliveries ahead of time End of year.

Tesla reported 405,278 vehicle deliveries and production of 439,701 vehicles for the period ended December 31, 2022. Full year deliveries were approximately 1.31 million, a record for Tesla after the company resumed production at its new facilities in Austin, Texas and Brandenburg had included. Germany.

Last year, in an interview with an owners’ club posted to YouTube in June, Musk said the factories resembled “money incinerators.”

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

Tesla solicits questions from both retail and institutional investors before their phone calls through a website called Say.com.

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

Throughout the fourth quarter of 2022, shareholders also sought answers from Tesla and Elon Musk about his intentions with the automaker as Tesla’s share price declined. Tesla’s stock price has fallen more than 40% over the past six months.

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

The prominent CEO sold billions of dollars worth of his Tesla holdings last year, including $3.6 billion in the fourth quarter, in part to fund the Twitter deal that closed in late October 2022. He immediately appointed himself “Chief Twit” and there CEO.

Since taking over Twitter, he has fundamentally changed the business and service, including allowing people who were permanently banned from the platform to get back online.

Musk’s moves on Twitter and his political statements on the social media platform have been correlated with a sharp decline in Musk’s and Tesla’s reputation, particularly among liberal to very liberal-minded people in the US, according to YouGov research shared with CNBC.

This is breaking news. Please check again for updates.

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