Brandony
wrote a post · Apr 21, 2022 07:51
Tesla reports $18.76 billion in revenue and record margins in Q1
$Tesla (TSLA.US)$ just reported first-quarter earnings for 2022 and beat analysts’ expectations on the top and bottom lines. Here are the key numbers.Earnings per share: $3.22 vs $2.26 expectedRevenue: $18.76 billion vs $17.80 billion expectedShares rose as high as 6% in after-hours trading.Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped to a record 32.9% with
$Tesla (TSLA.US)$ reporting gross profit of $5.54 billion in its main segment. Regulatory credits accounted for $679 million of automotive revenue for the quarter.
Amid inflationary pressures, parts and semiconductor chip shortages exacerbated by the ongoing pandemic and Russia’s brutal invasion of Ukraine,
$Tesla (TSLA.US)$ global vehicle inventory dwindled to a three-day supply in the first quarter of 2022.
“Our own factories have been running below capacity for several quarters,” Tesla said in its shareholder deck. The company did not give detailed guidance on deliveries going forward, but said it expects 50% annual growth on a multi-year basis, and warned that supply chain constraints are likely to continue through 2022. Musk also said that he believes inflation is worse than reported, and will continue through the year.
After watching Tesla's Q1 financial report, are investors still full of confidence in Tesla?
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