Saturday, December 9, 2023

Tesla’s ‘transformative’ fourth quarter ends full year of positive revenue

Must read


Musk is set to get even richer than he was at the end of 2020, which with Tesla posting $ 10 billion in revenue in the last quarter, a 46% year-over-year increase, and an achievement that is set to trigger another massive stock option payout if the company releases $ 2 billion in quarterly adjustments EBITDA.

“2020 has been a year for us on many levels,” Tesla executive Zachary Kirkhorn said on the results conference call with reporters. “Despite a difficult environment. We have taken a significant step forward by producing and delivering half a million cars. “

The company also announced figures for its other subsidiaries in the last quarter. Tesla’s home solar business is said to have provided 60% more solar panels and nearly 200% more solar energy storage systems in 2021 than in the previous year, along with an almost 50% increase in its network of fast charging stations for electric vehicles.

Tesla is also apparently okay with releasing his digital assistant into the wild. “I think we’re very open to licensing our software to third parties,” Tesla CEO Elon Musk said during the earnings call. “We have had preliminary discussions on the licensing of automobile pilots to other OEMs. So this is something that we are more than happy to do.

As we look to the future, 2021 may be our most significant step forward to date as we see the benefits of a long-standing investment in capacity and technology, ”Kirkhorn continued. “The range of possible outcomes this year is wide, given the scale of the launches.”

Going forward, Tesla expects deliveries of its redesigned S and X model vehicles soon, as well as its Model Y vehicles built later this year by GigaFactory Shanghai and GigaFactory Berlin, and joined at some point by the highly anticipated Tesla semi-trailers. “If we’re lucky, we can make some deliveries towards the end of this year,” Musk admitted, “but I expect volume production in 2022.”


- Advertisement -spot_img

More articles


Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article