By presenting its production and delivery figures for the fourth quarter of 2022 in early January 2023, Tesla had shown its satisfaction before the publication of its quarterly financial results. This optimism materialized with a record last quarter, marked by net profit up 59% to $3.7 billion. Revenue was $24.3 billion, up 37%. Over the last three months of 2022, the North American firm has also put the turbo by delivering more than 430,000 electric cars.
For the whole of last year, Tesla posted a net profit of 12.6 billion dollars, against 5.5 billion in 2021. At the same time, the group’s revenues increased by 51%, to 81, $5 billion. This good performance was generated by a 40% jump in sales, attributable in particular to lower prices in Europe, the United States and China.
Nearly 2 million vehicles produced in 2023?
Elon Musk’s company thus closed the previous financial year with 1.3 million electric vehicles sold, a new record despite a complicated year due to production problems in China linked to the resumption of the Covid-19 pandemic. 19. In addition, the group’s new factories in Austin (Texas) and Berlin (Germany) are not yet running at maximum capacity.
This did not prevent Tesla from seeing its production jump by 47%, with 1.4 million vehicles leaving the production lines in 2022. The firm is aiming for 1.8 million vehicles in 2023, an increase of 37%, but Elon Musk hopes to get closer to the 2 million mark. Cautious, the whimsical entrepreneur cites certain risks, such as earthquakes, wars and pandemics, which could prevent Tesla from reaching this symbolic milestone.
In addition to the ramp-up of its production, the manufacturer will have to redo the icing on Wall Street after a catastrophic year 2022, the company having seen its share melt by 65% before slightly rectifying the situation in recent weeks. Last year, Elon Musk had drawn the wrath of shareholders by dispersing a little too much in his multiple activities.
Among them, the incredible takeover of Twitter and the chaotic takeover of the social network were not perceived positively. While Tesla’s market capitalization had crossed the $1 trillion mark in October 2021, it is now hovering around $450 billion. In this context, the first quarter of 2023 could be marked by a bleeding in the workforce of the manufacturer, while Elon Musk had made it known in June 2022 that he wanted to lay off 10% of the staff.
