Tesla Says Its 4Q Profit Rose 59%, Expects Strong Margins

14 days ago Republic World

Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected. But Musk said demand is strong, and so far in January the company has seen the strongest orders year-to-date in Tesla history. “Demand far exceeds production,” Musk said, adding that Tesla is making small price increases. Despite its name, “Full Self-Driving” cannot drive itself, and Tesla warns drivers that they must be ready to intervene at any time. The company's stock tumbled 65% last year on fears that Musk was distracted by his $44 billion acquisition of Twitter.
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