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.
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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
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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:
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You’ll find Tesla’s release in its entirety linked below.
More information to follow from details released on the conference call later today.