Published 1 year ago

Tesla reports record revenue and beats on earnings

Summary by Ground News

Tesla today (Jan. 25) reported a net profit of $4.1 billion, or $1.19 per share, on $24.3 billion in revenue for the three months that ended Dec. 31. Both numbers beat analysts estimates, but the profit margin for its electric car sales fell short of expectations at 25.9 percent. Tesla shares wobbled in today's after-hour trading, jumping more than 3 percent before losing its gains.

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BBC News

Elon Musk denies Twitter use hurts Tesla as sales soar

The boss of the electric vehicle maker says his mass following suggest he's "reasonably popular".

1 year ago·United Kingdom

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Reuters

Musk bullish on Tesla sales as price cuts boost demand

Tesla Inc's aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers' interest.

1 year ago·United Kingdom

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Associated Press News

Tesla says its 4Q profit rose 59%, expects strong demand

Tesla has posted record net income for the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

1 year ago·United States

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CNN

Tesla reports record earnings but tighter profit margins

Tesla reported record profits for the fourth quarter and the full year, but said its profit margins were tighter due to higher costs, recent price cuts, and sales in the quarter that were weaker than hoped.

1 year ago·Atlanta, United States

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Irish Independent

Tesla says fourth quarter profit rose 59%

Tesla posted record net income in the fourth quarter of last year and the company has predicted that additional software-related profits will keep its margins higher than any other carmaker.

1 year ago·Ireland

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KIFI

Tesla says its 4Q profit rose 59%, expects strong margins

By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla has posted record net income for the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker. The Austin, Texas, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share. That beat estimates of $1.13 a share that had been reduce…

1 year ago·Idaho Falls, United States

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