upTesla Tops off 2021 Earnings. Will Tesla Stock Go Up or Down Friday?
@MillionaireTiger:$Tesla Motors(TSLA)$ reported fourth-quarter results that came in stronger than expected on Wednesday. Shares fell as much as 5% in extended trading on Wednesday after the automaker warned supply chain issues could persist throughout 2022, but later rebounded into slightly positive territory. Earnings (adjusted): $2.52 per share, vs. $2.36 per share expected Revenue:$17.72 billion, vs. $16.57 billion expected Vehicle Capacity CEO Elon Musk said on the company’s earnings call that he expects Tesla to remain “chip-limited” in 2022, and that the company would introduce no new vehicle models this year as a result. “We will not be introducing new vehicle models this year. We will still be parts constrained.” He said the company would instead work on engineering and tooling to create those future vehicles. Vehicle Delivery Tesla's vehicle deliveries, which rose 70.9% YOY, were one of the primary drivers of the company's revenue growth for the quarter. The electric vehicle (EV) maker's annual vehicle deliveries for FY 2021 rose 87.4%, surpassing the company's goal of 50% growth for the year. Tesla's primary business is making electric vehicles, and it needs to continue expanding production in order to grow revenue and profits. SHARE YOUR THOUGHTS Will Tesla stock go up or down on Friday? Please leave your answer "up" or "down" in the comment. You may be rewarded with Tiger Coins for right answers in the comment💸💸💸 Follow me! Don't forget I am the richest tiger in this community😎😎
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