Tesla Q4 Earnings Report

Alphastreet

Tesla Reports Strong Q4 and Full-Year Financials

Record Production and Deliveries Drive Revenue Growth

AUSTIN, Texas – January 25, 2023

Tesla, Inc. (NASDAQ: TSLA) today released its financial results for the fourth quarter and full year ended December 31, 2022.

Q4 2022 Highlights

• Produced approximately 495,000 vehicles, a 44% increase year-over-year.
• Delivered over 405,000 vehicles, a 31% increase year-over-year.
• Revenue reached a record $24.3 billion, a 37% increase year-over-year.
• Net income reached $3.7 billion, a 59% increase year-over-year.

Full-Year 2022 Highlights

• Produced approximately 1.37 million vehicles, a 47% increase year-over-year.
• Delivered over 1.31 million vehicles, a 40% increase year-over-year.
• Revenue reached a record $81.4 billion, a 51% increase year-over-year.
• Net income reached $12.6 billion, a 128% increase year-over-year.

"We are pleased to report another record quarter and full year for Tesla," said Elon Musk, Tesla's CEO. "Our team has executed exceptionally well to overcome significant supply chain and logistics challenges. We continue to see strong demand for our vehicles and remain focused on delivering our mission of accelerating the world's transition to sustainable energy."

Tesla's fourth quarter and full-year earnings come on the heels of yet another record quarter in production and deliveries. The company continues to invest heavily in its manufacturing capacity and is on track to begin production at its new factories in Texas and Germany in 2023.

Tesla's financial results are available on the company's website at https://ir.tesla.com/.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements generally include statements that are predictive in nature and depend on or refer to future events or conditions. Forward-looking statements include, without limitation, statements about Tesla's future financial performance, production capacity, and investment plans. Actual results may differ materially from those contemplated by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, global economic conditions, competition, regulatory changes, technological advances, and other factors. Tesla undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Counterpoint Research