Tesla established new milestones for its fourth quarter and full-year financial results, but fell short of analysts’ expectations for the periods.
The EV manufacturer from Texas recorded online sales of $12.6 billion on income of $81.5 billion. Despite a 51% rise in income and a 128% increase in online sales, the company fell short of analysts’ expectations. The company was expected to announce profits per share of $3.62, but experts predicted more, starting with an EPS of $4.01.
To be honest, Tesla didn’t miss by much, with analysts’ average projections for FY 22 profits arriving in at $81.7 billion, and it topped the $24.2 billion income estimate for the fourth quarter, while it missed the $1.13 EPS expected for this autumn. These figures came in at $24.3 billion and $1.07, respectively.
