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Tesla shares turned red after Q4 report

Tesla on Wednesday announced record financial results for the fourth quarter. However, CEO Elon Musk warned that supply chain hurdles would continue to limit the company’s growth this year. He also said that Tesla wouldn’t be rolling out new vehicle models in 2022 due to parts shortages.

Tesla Financial Highlights

Tesla Inc. (TSLA) reported earnings of 2.05 per share for the three months ended December 31. It is significantly higher than $0.24 per share in the same quarter of 2020. On an adjusted basis, the electric vehicle giant earned $2.54 per share, a substantial jump from $0.80 per share in the linked quarter of 2020.

Tesla Earning report - beats expectations

In addition, sales for the quarter climbed 65% on a year-over-year basis to $17.7 billion. The surge came despite supply chain and labor challenges during the quarter. Analysts had projected a profit of $2.36 per share on sales of $17.1 billion.

Tesla EPS forecast

The record results were mainly helped by impressive delivery numbers. Tesla delivered 308,600 vehicles in the quarter, compared to deliveries of 305,840 units in the linked period of 2020. Overall, Tesla delivered 936,172 vehicles in 2021, representing a jump of 87% on a year-over-year basis.

Looking forward, Tesla expects its vehicles deliveries to grow by at least 50% in 2022 despite the lingering supply constraints. In addition, the company announced that it had extended its experimental driver assistance pilot program to 60,000 users across the U.S.

Market Reaction

Tesla shares turned red in the after-hours trading session on Wednesday following the results. The stock hasn’t gained much value in recent months. It has increased around 6.5% during the past 12 months. The 52-week range of the stock is $539.49 - $1,243.49, while its market value stands at around $941 billion.

To keep in mind that the drop was also correlated to the overall market reaction on the FED statements.

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