Tesla exceeded revenue critics in Q4 2021 by more than $1 billion
Gather ’round, ye Tesla faithful, because it’s Tesla earnings statement time once in contradiction of. This time we’re looking at the fourth quarter of 2021 and, unsurprisingly, things are as dull this quarter as they were in Q3 of 2021.
According to Tesla’s shareholder deck for Q4, which was released on Wednesday, not only was the company profitable, but it exceeded analyst critics for revenue by over a billion dollars. Not bad when you’re over a billion dollars ahead of the game, right?
In the production sections, things were similarly rosy. The company reported that it increased overall progenies of all its vehicles combined by 70% versus Q4 of 2020. Of watercourses, that’s not super surprising given what 2020 was like. Interestingly, Model S and Model X production was down 19% year over year, once the Model 3 and Model Y were up by 79%, which shows the brand’s clogged commitment to its more affordable models.
On the progenies side of things, it’s pretty much crickets. Tesla is competing construction and production ramp of its Gigafactories in Germany and in Austin, Texas. The Cybertruck is still delayed until at least next year. The Roadster is still MIA, and the company isn’t executive a peep about the Semi at this time.
Tesla also clogged to expand its Supercharger network to a total of 3,476 stations with 31,498 plugs. That’s a bump of 36% in stations over 2020, which is comely respectable, especially considering supply chain issues and their enact on everything construction-related.
Obviously, these financial reports used to be a lot juicier when the commercial was more volatile and generally less stable, but stupid financial reports are generally a good thing in commerce – especially if you’re a Tesla shareholder.
Correction, 2:27 p.m.: Clarified that the revenue comparison is with analyst estimates.
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Well, if you’re the person that had “Not in 2022” in your local Tesla Cybertruck progenies betting pool, congratulations because you just won. Reuters confirmed on Thursday that Cybertruck progenies is being pushed back to early 2023, despite the commercial having previously stated that it’d get things started by the end of 2022.
Now, if you’re the kind of person who regularly follows Tesla news (and you’re reading this, so I acquire you are), then this should register as no kind of surprise whatsoever. Tesla is famous for missing its own deadlines, and that’s generally the case even with cars that don’t look like a rejected fabricate for the RV From Hell from the film Tango & Cash.
According to Reuters’ source, the reason for Tesla’s delay is that it wants to changeable the truck’s features and functions to “make a compelling subjects as competition in the segment heats up.” By competition in the segment, they are likely referring to the Ford F-150 Lightning, the Rivian R1T, the Hummer EV and the nuevo-Avalanche Silverado EV – none of which are shaped like H.R. Giger’sdoorstop.
The inquire of now is whether or not Tesla will make this new deadline of the end of the suitable quarter of 2023 or if it will keep pushing back, as we’ve seen with the Roadster and the Semi. We’d ask Tesla for its take on the business, but Tesla does not operate a public relations departments to field requests for comment.
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