Tesla Earnings Top Estimates; Margins Narrow on Price Cuts
Tesla Earnings Top Estimates; Margins Narrow on Price Cuts
Tesla late Wednesday reported mixed fourth-quarter results, with revenue slightly below Wall Street expectations, but injected some optimism in its production outlook for 2023.
特斯拉週三晚些時候公佈的第四季度業績喜憂參半，營收略低於華爾街預期，但為其2023年的生產前景注入了一些樂觀情緒。
$Tesla (TSLA.US)$ earned $3.69 billion, or $1.07 a share, in the quarter, compared with $2.3 billion, or 68 cents a share, in the year-ago period. Adjusted for one-time items, Tesla earned $1.19 a share, while the CIQ Analyst Consensus of was $1.11 a share.
$特斯拉 (TSLA.US)$該季度盈利36.9億美元，合每股1.07美元，而去年同期為23億美元，合每股0.68美元。經一次性項目調整後，特斯拉每股盈利1.19美元，而CIQ分析師的共識是每股1.11美元。
Revenue for the quarter jumped 37% to $24.32 billion, from $17.7 billion a year ago. The company reported quarterly sales which beat the analyst consensus estimate of $24.16 billion.
該季度營收從去年同期的177億美元躍升至243.2億美元，增幅為37%。該公司公佈的季度銷售額超過了分析師普遍預期的241.6億美元。
As for outlook, Tesla kept more or less intact the same language it has kept for several past quarters, with a crucial difference.
至於前景，特斯拉大體上保持了過去幾個季度保持不變的措辭，但有了關鍵的不同。
Tesla said it plans to grow its manufacturing capacity "as quickly as possible," about 50% average annual growth over a "multi-year horizon" in deliveries. For 2023, however, it expected to "remain ahead" of that long-term goal and reach 1.8 million vehicles a year.
特斯拉表示，計劃“儘快”擴大其製造能力，在“多年”的交貨期內實現約50%的年均增長。然而，到2023年，該公司預計將“保持領先”，達到每年180萬輛的目標。
Gross automotive margins were 25.9%, a bide decline from the last year, Tesla said, and the 27.9% figure recorded over the third quarter, owing to big price cuts in the U.S. and China as well as costs linked to the ramp-up of production in Berlin and Texas.
特斯拉説，汽車毛利率為25.9%，較去年同期略有下降，第三季度毛利率為27.9%，原因是美國和中國的大幅降價，以及柏林和德克薩斯州增產的相關成本。
"Cybertruck remains on track to begin production later this year at Gigafactory Texas," the company accounced during in its fourth quarter earnings.
“CyberTruck仍將於今年晚些時候在德克薩斯州GigaFactory開始生產，”該公司在第四季度收益中表示。
Earnings Highlights
收益亮點
Profitability
盈利能力
16.8% operating margin in 2022; 16.0% in Q4
2022年營業利潤率為16.8%；第四季度為16.0%
$13.7B GAAP operating income in 2022; $3.9B in Q4
2022年GAAP營業收入137億美元；第四季度39億美元
$12.6B GAAP net income in 2022;$3.7B in Q4$
2022年GAAP淨收入為126億美元；第四季度為37億美元
14.1B non-GAAP net income in 2022; $4.1B in Q4
2022年非GAAP淨收入為141億美元；第四季度為41億美元
Cash
現金
Operating cash flow of $14.7B; free cash flow of $7.6B in 2022
運營現金流為147億美元；2022年自由現金流為76億美元
Operating cash flow of $3.3B; free cash flow of $1.4B in Q4
運營現金流為33億美元；第四季度自由現金流為14億美元
$1.1B increase in our cash and investments in Q4 to $22.2B
第四季度我們的現金和投資增加了11億美元，達到222億美元
Operations
運營
6.5 GWh of energy storage deployed in 2022, up 64% YoY
2022年部署了6.5千兆瓦時的能源存儲，同比增長64%
Record vehicle deliveries of 1.31 million in 2022
2022年汽車交貨量達到創紀錄的131萬輛
Financial Summary
財務摘要
Vehicle Capacity
車輛容量
Tesla shares were down nearly 0.2% in after-hours trading.
特斯拉股價在盤後交易中下跌近0.2%。