Tesla
The company's major focus for 2022 is centered on the release of its long-awaited, full self-driving technology and increasing production at new facilities. In premarket trading, Tesla's stock was about 1% lower despite the earnings beat. Tesla's stock is down about 25% from it's all-time high in early November which makes it an outperformer relative to many of its growth stock and EV stock peers as the majority of stocks in these categories are down by more than 50%.
Inside the Numbers
In Q4, Tesla reported $2.54 in EPS which was more than 200% higher than the previous year and beat expectations of $2.36 per share. Revenue also topped expectations at $17.7 billion vs $17.1 billion. This was more than a 60% increase from last year.
The one downbeat note from the company was that supply-chain issues continue to slow production. In terms of deliveries, Tesla reported deliveries of 308,600 vehicles, bringing its 2021 total to a 936,172. The breakdown of Q4 deliveries is 296,850 Model 3 and Y vehicles, and 11,750 Model S and X models.
The company continues to have incredible demand and remains the clear leader in the EV category which is expanding at a rapid rate. Its major focus is on ramping up production in new facilities at Berlin and Austin.
However, the company did note that "factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022."
In terms of rumors that the company is working on a $25,000 car, Musk said that it's not something they are considering. He also pushed back the release date for the Cybertruck to 2023 which means that it will be beat to market by Rivian
