Tesla (TSLA) releases Q1 2022 results: beats both revenue and profit expectations in record quarter

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Tesla (TSLA) has released its fiscal results and shareholders missive for the archetypal 4th of 2022 aft marketplace adjacent today.

We are updating this station with each the details from the fiscal results, shareholders’ letter, and the league telephone aboriginal tonight. Refresh for the latest information.

Tesla Q1 2022 net expectations

Yesterday, we posted our Tesla Q1 2022 net preview with Wall Street expectations and crowdsourced expectations.

The Wall Street statement for this 4th was $17.659 cardinal successful gross and net of $2.26 per share.

The expectations correspond a monolithic year-over-year summation aft Tesla achieved a caller grounds for deliveries with implicit 310,000 deliveries during the quarter.

Tesla Q1 2022 fiscal results

Tesla released the results contiguous and bushed Wall Street expectations connected some gross and net with $18,756 cardinal successful gross and $3.22 per stock (non-GAAP) during the archetypal 4th of 2022.

Tesla’s banal (TSLA) was up by arsenic overmuch arsenic 4% successful aftermarket trading aft investors learned of the results.

Here’s Tesla’s fiscal summary from the quarterly results (last 4th successful red):

The automaker managed to summation operating income to $3.6 cardinal during the quarter.

Probably the astir awesome metric is Tesla achieving 32.9% GAAP Automotive gross borderline successful the quarter. That’s contempt proviso concatenation issues and expanding costs, but Tesla has been known to rapidly walk those customers with terms increases and it is being reflected successful its margins.

Tesla finds itself with astir $17.5 cardinal successful currency astatine the extremity of the past quarter.

We volition beryllium posting our follow-up posts present astir the net and league telephone to grow connected the astir important points (refresh the leafage to spot the astir caller posts):

Tesla (TSLA) confirms its bid complaint surged aft the Super Bowl Elon Musk releases much details connected Tesla’s upcoming robotaxi electrical car: ‘will outgo little per mile than autobus ticket’ Elon Musk boldly says to get Tesla’s $12,000 FSD to cognize however it is doing erstwhile asked to stock information astir progress Tesla’s gross borderline and profits are surging on with prices, and it had to explicate itself Tesla is already utilizing cobalt-free LFP batteries successful fractional of its caller cars produced

Here’s Tesla’s Q1 2022 shareholder presentation successful afloat and league call:

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