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Tesla (TSLA) earnings Q4 2022


Hong Kong, China, 13 Sept 2022, A red Tesla automotive passes 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 market close on Wednesday.

Here’s what analysts were expecting as of Wednesday morning, in response to Refinitiv:

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

Within the year-ago quarter, Tesla reported revenue of $17.72 billion and adjusted earnings of $2.52 per share.

Earlier this month, Tesla reported vehicle delivery and production numbers for the fourth quarter of 2022 that set a recent record for the corporate, but fell shy of the corporate’s goals and analysts’ expectations, despite having cut prices on its cars in December to spur customers to take deliveries before the yr’s end.

Tesla reported 405,278 vehicle deliveries and production of 439,701 vehicles within the period ending December 31, 2022. Full yr deliveries amounted to around 1.31 million, a record for Tesla, after the corporate began production at its recent factories in Austin, Texas, and Brandenburg, Germany.

Last yr, Musk said the factories were akin to “money-burning furnaces” in an interview with an owners’ club posted to YouTube in June.

Thus far in 2023, Tesla has continued to chop prices on its cars around the globe, upsetting customers within the US and China who recently bought recent Teslas at higher prices, and triggering an easy decline in used Tesla prices within the US as well.

Tesla solicits questions ahead of their earnings calls via a site called Say.com from each retail and institutional investors.

Amongst other things, investors on that site say they need to know what the recent price cuts will do to Tesla’s automotive gross margins, how much the corporate expects to grow sales of its cars in 2023, and when Tesla plans to start out mass production and deliveries 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 on the automaker as the value of Tesla shares declined. Tesla’s share price has dropped greater than 40% over the past six months. 

Musk is currently splitting his time, attention and resources between Tesla, SpaceX, the defense contractor where he’s CEO, and Twitter, the social media business he recently acquired.

The celebrity CEO sold billions of dollars price of his Tesla holdings last yr, including $3.6 billion within the fourth quarter, partly to finance the Twitter deal, which closed in late October 2022. He immediately appointed himself “Chief Twit,” and CEO there.

Since taking on Twitter, he has made sweeping changes to the business and the service, including allowing individuals who had been permanently suspended from the platform to come back back online.

Musk’s moves at Twitter, and his political statements on the social media platform, have correlated with a pointy decline in Musk’s and Tesla’s repute, especially amongst liberal- to very liberal-leaning people within the US, in response to research by YouGov shared with CNBC.

That is breaking news. Please check back for updates.

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