The automaker is doing well, with excellent results in the fourth quarter of 2022 and record sales.
Fortunately, Elon Musk has Tesla to give him a smile. If Twitter’s situation is not the most glorious, the billionaire can count on the car manufacturer, which is posting very good figures for its last quarter of 2023.
Record figures for the brand and a margin twice as large as that of its competitors
In the last 3 months of 2022, Tesla earned $24.3 billion in revenue, a 37% increase from the same quarter a year earlier. The brand achieved a turnover of 81.4 billion dollars for the whole of 2022, again with an increase of 51% compared to 2021. Gross profit is also up by 19%, with an amount of 5.7 billion dollars recovered.
In detail, it is obviously the sale of electric vehicles which constitutes the heart of Tesla’s activities, with a turnover for this activity alone of 21.3 billion dollars. The group’s other areas of expertise, such as energy storage, the sale of solar panels and the distribution of electricity through the fleet of chargers installed around the world, brought in the brand 3 billion dollars in this last quarter of 2022 alone. Finally, the operating margin was 16%, which is simply double the average observed in the automotive industry.
Investors particularly appreciated these figures, and after having sanctioned the title Tesla for months, the action started to rise again, to more than 7%.
All-out reductions to rebalance supply and demand
In the last quarter, Tesla produced 439,701 vehicles precisely and sold 405,278. The group was able to leave its factories 1.37 million vehicles in 2022 and aims to exceed 1.8 million copies in 2023.
If the number 1 market of the manufacturer remains the United States, it did not hesitate, to boost its sales in China, to significantly reduce its prices at the very end of last year, even if it means attracting the wrath of certain consumers. considering themselves wronged.
A similar price drop is underway in the United States to stimulate sales of the Model Y and Model 3, and thus empty stocks while the factories in Berlin, Shanghai and Austin are running at a good pace today.
Source : Counterpoint
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