Tesla Exceeded Revenue Estimates in Q4 2021 by More than $1 Billion
upstart writes:
Tesla exceeded revenue estimates in Q4 2021 by more than $1 billion:
According to Tesla's shareholder deck for Q4, which was released on Wednesday, not only was the company profitable, but it exceeded analyst estimates for revenue by over a billion dollars. Not bad when you're over a billion bucks ahead of the game, right?
[...] In the production department, things were similarly rosy. The company reported that it increased overall production of all its vehicles combined by 70% versus Q4 of 2020. Of course, that's not super surprising given what 2020 was like. Interestingly, Model S and Model X production was down 19% year over year, while the Model 3 and Model Y were up by 79%, which shows the brand's continued commitment to its more affordable models.
[...] Tesla also continued to expand its Supercharger network to a total of 3,476 stations with 31,498 plugs. That's a bump of 36% in stations over 2020, which is pretty respectable, especially considering supply chain issues and their effect on everything construction-related.
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