Tesla Stock News

Elon Musk said 2021 was "a breakthrough year for Tesla, and for electric vehicles in general".

Elon Musk’s electric-vehicle maker posted a $5.5 billion annual profit on $53.8 billion of sales last year, up from $721 million in profit and $31.5 billion in sales in 2020.

"We''re not currently working on the $25,000 car," Musk said. " At some point we will. We have enough on our plate right now. Too much on our plate, frankly."

A recap of Wednesday''s best stock picks on CNBC.

Elon Musk confirms earlier reporting that the Cybertruck is delayed until 2023. The Tesla CEO says the delay comes after tktk

Tesla posted record quarterly revenue Wednesday that beat Wall Street estimates, but said it expected supply chain issues to continue through this year.

In basic terms, Tesla outperformed on revenue and profit estimates.

In basic terms, Tesla outperformed on revenue and profit estimates.

Company tells investors in letter there should no longer be doubt about profitability of electric vehicles Tesla posted record fourth-quarter and full-year earnings as its deliveries soared despite a global shortage of computer chips that has slowed the entire auto industry. The company made $5.5bn last year compared with the previous record of $3.47bn in net income posted in 2020. It was the electric vehicle and solar panel makers third straight profitable year. Continue reading

Tesla recorded its second annual profit with vehicle deliveries up 87 percent over the previous year. Supply chain issues remain, the company warned in its Q4 report.

Electric vehicle giant Tesla Inc (NASDAQ: TSLA ) reported fourth-quarter and full-year financial results after market close Wednesday. Here are the highlights. What Happened: Tesla reported fourth-quarter revenue of $17.7 billion, up 65% year-over-year. The total beat a consensus estimate of $16.4 billion, according to Benzinga Pro . Automotive revenue made up $16 billion of the total and was up 71% year over year. Tesla reported fourth-quarter earnings per share of $2.54, beating analyst estimates of $2.26 per share. The company produced 305,840 vehicles in the fourth quarter, up 70% year-over-year. The majority (292,731) of the vehicles produced were the Tesla 3 and Tesla Y. A total of 308,650 vehicles were delivered in the fourth quarter, up 71% year-over-year. Tesla reported 85 MW of solar energy deployed Full story available on Benzinga.com

CEO Elon Musk will take part in the company''s conference call at 5:30 p.m. Eastern time to give investors a product update.

Tesla falls despite earnings smasher as supply chain issues crimp full growth story. Read more on Tesla stock.

Tesla posted stronger-than-expected fourth quarter earnings Wednesday but cautioned that supply-chain disruptions have held back production capacity and will impact that pace of near-term output at new plants in Germany and Texas.