Tesla Inc beat estimates of analysts on fourth-quarter revenue, driven by record electric vehicle deliveries during the last three months of 2022.
The company said that revenue was $24.320 million in the three months ended December 31, versus the median analyst estimate of $24.16 billion, according to IBES data from Refinitiv.
Tesla offered discounts in its main markets during the quarter, after strong orders have allowed the company to maintain and even raise prices in recent years.
Chief Executive Officer Elon Musk said in December that “radical changes in interest rates” had affected the affordability of all cars.
The electric vehicle manufacturer gave customers the record number of 405,278 vehicles in the fourth quarteralthough the company missed its 50 percent annual growth target.
Net profit for the quarter was $3.69 billion or 1.07 dollars per sharecompared to $2.32 billion, or 68 cents per share, a year earlier.
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