Tesla outperforms analyst expectations for Q4 revenue and profit

By Akshay Kedari   | Date: 2022-01-28

Tesla outperforms analyst expectations for Q4 revenue and profit

Tesla Inc. has reportedly released its Q4 and calendar-year 2021 results, revealing USD 17.72 billion in revenue in the last three months of the previous year with the company’s automotive segment alone generating USD 1 billion.

Tesla's net income for the fourth quarter was USD 2.32 billion. Its earnings per share were USD 2.05, and USD 2.54 per share on an adjusted basis.

In the fourth quarter of 2021, analysts predicted the firm to generate USD 16.35 billion in total revenue and USD 2.26 in adjusted per-share profit.

Tesla surpassed expectations in terms of revenue and profit as total automobile revenue of roughly USD 16 billion beats the previous quarter's total of USD 12.06 billion and the year-ago figure of USD 9.31 billion, sources confirmed.

It is worth noting that Tesla recorded the second-lowest regulatory credit haul in the last five quarters. The carmaker’s automotive gross margin did not decline as the category's revenues increased. Instead, it saw an increase of at least a five-quarter high of 30.6%, up from 24.1% during the same period last year.

Other noteworthy figures include free cash flow of USD 2.78 billion in the quarter, a new high in the data shared, and the company's total cash and equivalents reached USD 17 billion. Tesla's automotive revenues accounted for just over 90% of the total top line as the quarter ended.

2021 was a strong year for Tesla. Revenues increased by roughly 71% to USD 53.82 billion, resulting in adjusted EBITDA of USD 11.62 billion and net income of USD 5.52 billion. The company’s stock didn’t show any significant changes after the release of the report, implying that it delivered on investor expectations.

Tesla's market capitalization currently stands at USD 941 billion, or USD 937 per share, cited credible sources.

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