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Electric car company: Tesla reports record profit – and sets ambitious goals

2023-01-26T00:14:59.769Z


In the past year, Tesla has earned more than ever before in a fiscal year - despite high inflation, economic concerns and supply chain problems. In 2023, 1.8 million e-cars are to be delivered.


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Vehicles in front of the Tesla plant in Fremont, California

Photo:

JOSH EDELSON/AFP

The e-car pioneer Tesla has once again set new records for profit and sales.

In 2022, Elon Musk's company increased its profit by 128 percent year-on-year to $12.6 billion (11.5 billion euros): Tesla announced on Wednesday after the US stock market closed.

The proceeds grew accordingly by 51 percent to 81.5 billion dollars.

However, 2023 could be more difficult.

Management knows that there are questions about the "uncertain economic environment," the letter to shareholders said.

Nevertheless, the market leader in the e-car segment also set ambitious goals for the new year.

Tesla wants to increase production "as quickly as possible" in 2023 and sees itself on course to deliver around 1.8 million cars.

The group confirmed that it would continue to aim for annual growth of 50 percent in the longer term.

But Tesla missed this goal as early as 2022 – instead, deliveries increased by 40 percent to 1.3 million electric cars.

In the three months to the end of December, they only grew by 31 percent compared to the previous year.

Tesla mainly blamed the situation in China for the production and delivery problems last year, where corona lockdowns put a heavy strain on the large plant in Shanghai.

In the final quarter of 2022, Tesla increased net income by 59 percent year-on-year to $3.7 billion.

Revenue increased 37 percent to $24.3 billion.

The company thus achieved new records at the end of the year.

The numbers exceeded analysts' expectations.

Nevertheless, investors reacted cautiously, the share initially did not find a clear direction after trading.

Tesla already had a difficult time on the financial market last year. The share price collapsed by around 65 percent in 2022, but recently it has been up a little again.

Elon Musk's antics surrounding the controversial takeover of the online platform Twitter and his Tesla share sales to finance the deal, which cost around $ 44 billion, were badly received by investors.

There have already been complaints from influential major shareholders that the tech multi-billionaire is neglecting Tesla too much.

aar/dpa

Source: spiegel

All business articles on 2023-01-26

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