News & Analysis
News & Analysis

Tesla posts mixed Q4 results

26 January 2023 By Klavs Valters

Share

Tesla Inc. (NASDAQ: TSLA) reported Q4 2022 financial results after the market close in the US on Wednesday.

World’s largest automaker reported revenue that fell short of Wall Street expectations at $24.32 billion (up by 37% vs. Q4 2021) vs. $24.669 billion expected.

The company beat earnings per share (EPS) estimates for Q4. EPS at $1.19 per share vs. $1.127 per share estimate.

Company commentary

”Q4-2022 was another record-breaking quarter and 2022 was another record- breaking year. In the last quarter, we achieved the highest-ever quarterly revenue, operating income and net income in our history. In 2022, total revenue grew 51% YoY to $81.5B and net income (GAP) more than doubled YoY to $12.6B.”

”As we progress into 2023, we know that there are questions about the near- term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates. The Tesla team is used to challenges, given the culture required to get the company to where it is today. In the near term we are accelerating our cost reduction roadmap and driving towards higher production rates, while staying focused on executing against the next phase of our roadmap.”

Stock reaction

The share price of Tesla was up by 0.38% at $144.34 a share at market close on Wednesday.

The stock rose by around 1% in the after-hours trading after the results.

Stock performance

  • 1 month: +28.14%
  • 3 months: -35.71%
  • Year-to-date: +17.25%
  • 1 year: -53.78%

Tesla stock price targets

  • High: $436
  • Median$194
  • Low: $85
  • Average: $208.55

Tesla is the 13th largest company in the world with a market cap of $455.91 billion.

Tesla’s total market cap has decreased by 52% in the past year.

You can trade Tesla Inc. (NASDAQ: TSLA) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

Sources: Tesla Inc., TradingView, MarketWatch, MetaTrader 5, WSJ, CompaniesMarketCap

The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.

#Indice #Indices #IndicesTrading #IndexTrading #Shares #Stockmarket #Stocks