Friday, November 8, 2024
HomeEV NewsTesla Q4 2021 Earnings Report: Beats Expectations Yet Again

Tesla Q4 2021 Earnings Report: Beats Expectations Yet Again

Another profitable quarter in the books.

Tesla just released its earnings report for the fourth quarter of 2021, and the figures are remarkable. Tesla made a profit once again, making it ten quarters in a row that the company has made a profit. Tesla has once again outperformed expectations.

Read More: The 8 Commandments Of A Torque Convertor Transmission

The main financial details from the Q4 2021 report are as follows:

  • $17.7 billion in revenue 
  • $2.54  profit per share (Non-GAAP)

And here’s what Tesla was expected to report, according to analysts.

  • Profit per share: ~ $2.30 to $2.51 per share
  • Revenue: ~ $17.112 to $17.416 billion

Read More: Kylie Jenner Car Collection | Cars Collection Of Kylie Jenner

In terms of cash flow, Tesla states:

“Quarter-end cash and cash equivalents increased sequentially by $1.5B to $17.6B in Q4, driven mainly by free cash flow of $2.8B, partially offset by net debt and finance lease repayments of $1.5B. Our total debt excluding vehicle and energy product financing has fallen to just $1.4B at the end of 2021.”

Tesla previously announced that its 308,000 global deliveries of the Model Y, Model 3, Model S and Model X combined in Q4 2021 was record-setting. That figure easily beats the previous high mark of 241,300 set in Q3 2021. 

Here’s some of the additional info from Tesla:

Read More:  Uber drivers in US are switching to Teslas
external_image

Read More: Hamilton Dominates 2021 F1 Qatar Grand Prix, Alonso Makes Podium

external_image

You’ll find Tesla’s release in its entirety linked below. 

Tesla Q4 2021 Earnings Report

More information to follow from details released on the conference call later today.

MORE HOT TOPICS

Porsche_911_Carrera_T_

2025 Porsche 911 Carrera T As Manual-Only Sports Car

0
Porsche has launched the latest generation of the 911 Carrera T for the global market. The Carrera T is available in both coupe and...