Business News

Tesla is pointing out the benefits but warns of sales constraints

[ad_1]

Tesla also claimed that it had earned $ 2.3bn in the fourth quarter of 2021 but warned that the obstacles it faces will depend on its results “in 2022”.

The U.S. electric car maker on Wednesday said its quarterly revenue rose 65 percent from the same period last year to $ 17.7bn, above the forecast of $ 16.6bn.

But total quarterly profits were below the $ 2.55bn expected by Wall Street, sending Tesla shares down more than 5 percent on sales in just over an hour. The shareholders also changed their education and traded more frequently. Profit value was 760 percent over the fourth quarter of 2020.

Expectations grew after Tesla announced earlier this month that it had delivered more than 308,000 vehicles in the fourth quarter – beating 263,026 previous predictions.

These statistics show that the pioneer of the electric car is led by Elon Musk he had walked wisely supply chain the disruption and depletion of chips that have plagued all other automotive companies.

But Wednesday, Tesla said its industries “have been moving at a slower pace for several phases [the] Supplychain has become a major obstacle, which should continue until 2022 ”.

It added: “We want to grow our products as fast as we can, not just increase production in the new Austin factories. [Texas] and Berlin, as well as by expanding output from our Fremont-based factories [California] and Shanghai. We hope that competition in the EV market will be justified by the potential to increase the volume of all sales and manufacturing of ramps. ”

Tesla just got its first profitable year in 2020, with a profit of $ 721m. In 2021 total recorded $ 5.5bn in total profits, up to 665 percent.

Tesla’s operating performance was 14.7 percent, down 1 percent from a year ago.

Profits adjusted for each segment, the most important metric on Wall Street, were $ 2.54, compared to the $ 2.37 expected by experts, showing a profit of 218 percent from the previous year.

Despite the storm, the company called 2021 a “successful year”, adding: “By delivering 87% in 2021, we found the highest quarterly average in total volume (car manufacturers), based on recent findings, indicating that. more profitable than burning cars. ”

Shares of the company, which moved its headquarters from Fremont to Austin last year, fell 22% this year, pulling its market to $ 934bn, before Wednesday’s results were released.

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button