abc.net.au/news/tesla-profit-elonmusk-electricvehicles-shares/101894252Electric car maker Tesla has made record profits for 2022, despite inflation, price cuts to boost sales, and company boss Elon Musk's erratic leadership.Tesla made $US81.5 billion in revenue in 2022, up 51 per cent, while net profit more than doubled, to $US12.6 billion
The company said that, over the last quarter of 2022, it had seen record revenue, operating income and net profit because of price cuts and lower-cost models, outcomes that were better than predicted by analysts. The company made $US3.7 billion profit from October to December, up by almost two thirds from the December quarter in 2021, after quarterly revenue rose 37 per cent, to $US24.3 billion .
"It was a fantastic year for Tesla, our best ever," Mr Musk said. "All these records were in the face of massive difficulties"The car maker cut prices in the US and China, its two biggest markets, by up to one-fifth on some models, with investors and analysts speculating the move reflected lower demand because of rising interest rates.
Thanks to Elon Musk, not despite him. ABC don’t hide their vile partisanship anymore and it’s infuriating
Since you know about business, try becoming a subscription service. See how you go without the taxpayer.
Despite Musk?!?! You're fake news
How badly did it hurt the ABC to publish this?
Imagine if the abc had to pay for its rubbish😂😂😂😂
Our ABC seems genuinely confused by how the marketplace and competence works. I guess that what happens when you subsist on government hand outs 🤷🏽♂️
You say that like Elon Musk is somehow a drawback.
…this belongs here- 🚮
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