Categories AlphaGraphs, Earnings, Industrials
Earnings: Tesla (TSLA) Q4 2021 results beat estimates amid record deliveries
Tesla Inc. (NASDAQ: TSLA) on Wednesday said its fourth-quarter earnings rose sharply and topped expectations. Driving the bottom-line growth, revenues rose 65% and came in above analysts’ forecast.
Revenues of the Austin-based electric car maker advanced 65% year-over-year to $17.7 billion during the three-month period, which is well above the estimates. The company produced a total of 305,840 vehicles and delivered a record 308,650 units, mainly comprising the Model-3 and Model-Y variants.
Earnings, excluding one-off items, climbed to $2.54 per share in the fourth quarter from $0.80 per share a year earlier. Experts were looking for slower growth. Unadjusted net income moved up to $2.32 billion or $2.05 per share from $270 million or $0.24 per share in the fourth quarter of 2020.
Read management/analysts’ comments on Tesla’s Q4 report
TSLA’s market value more than doubled in the past twelve months. The stock closed Wednesday’s regular trading higher but declined in the extended session soon after the announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
What to expect when J.M. Smucker (SJM) reports Q2 2025 earnings results
Shares of The J.M. Smucker Co. (NYSE: SJM) stayed red on Friday. The stock has dropped 6% over the past three months. The branded foods company is slated to report
Earnings Summary: Highlights of BJ’s Wholesale Club’s Q3 2024 results
Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has reported financial results for the third quarter of 2024, reporting a 3% increase in net sales. Adjusted earnings, on a
