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1/26, 10:08 PM (Source: TeleTrader)
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Tesla's Q4 revenue jumps 65% to $17.7 billion

Tesla Inc. reported on Wednesday that its total revenues for the final quarter of fiscal 2021 stood at $17.7 billion, 65% higher compared to the same time span a year ago. Automotive revenues amounted to $15.97 billion in the final three months of 2021, marking a surge of 71% from the same trimester in the previous year, while net income skyrocketed 760% on a yearly basis to amount to $2.3 billion.

Diluted earnings per share (EPS) attributable to common stockholders were 754% higher on the year and came in at $2.05. Tesla produced 305,840 vehicles in the final three months, 70% more year-over-year, while it made 308,650 deliveries, representing a 71% annual jump.

For the entire 2021, the revenue surged 71% to $53.8 billion, while automotive revenues climbed 73% to $43.2 billion. Net income for the entire year reached $5.5 billion after a 665% jump, which corresponds to diluted earnings per share of $4.9. Tesla's production and deliveries in the entire 2021 flew 83% and 87% to come in at 930,422 and 936,222, respectively.

"Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022," the report read, which seemingly prompted the electric vehicle maker's shares to drop more than 3% in the after-hours trading.

Baha Breaking News (BBN) / BU