Tesla (TSLA) stock is under selling pressure today giving up over 3% as investors digest the mixed earnings report.
Tesla reported the fourth-quarter earnings marking the fifth consecutive quarter of profitability after the market close missing the Wall Street earnings forecasts.
Tesla Earnings Report
The company reported fourth-quarter adjusted EPS of $0.80, below the analyst expectations of $1.03. Revenue for the fourth quarter came in at $10.74 billion versus the consensus estimate of $10.2 billion. Revenues increased 22% on a quarter over quarter basis, and 46% on a year over year basis. The operating income jumped to $575 million, resulting in a 5.4% operating margin.
The company reported in the Q4 last year $0.41 in EPS and $7.38 billion in revenue.
Tesla’s capital expenditures reached $1.15 billion for the Q4, and positive cash flow for the full year and the current quarter.
The company produced 509,737 vehicles and delivered 499,550 vehicles for the full year, slightly below the expectations of 500,000 but still an all-time high for the company.
TSLA reported solar deployment of 86 MW an increase of 59% and storage deployment of 1,584 MWh, an increase of 199%.
Tesla has run an impressive rally (over 650%) the last 13 months sending the capitalization up to 837 billion. We expect analyst’s to provide fresh price targets for the company. You can find the latest Tesla stock price target here.
