Musk: Tesla's doing great. I mean, have you seen my Twitter follower count?
Never mind the headlines. 2022 was Tesla's best year ever, Elon Musk claimed in the automaker's Q4 2022 earnings call this week.], the electric car maker brought in $24.32 billion in revenue in the final three months of 2022 – a 37 percent year-over-year increase. Earnings per share were also up 40 percent year-over-year to $1.19, and both figures beat Wall Street's expectations. Profit from the quarter amounted to $3.7 billion, up 59 percent.
EBITDA margins also decreased in Q4, and while overall free cash flow improved in 2022, Q4 was a different story: year over year, Q4 saw net cash from operating activities decrease by 29 percent, while free cash flow shrunk by nearly half. Tesla's stock price was still up slightly on this news, and has been up 45 percent in the first 26 days of 2023. Still, a one-year look back at Tesla's stock price shows its value has halved since January 2022.to keep the biz profitable, and are even banking on a recession to bring expenses down.
"If the recession is a serious one and I think it probably will be, but I hope it isn't, that would lead to meaningful decreases in almost all of our input costs," Musk said.We note that Tesla missed its growth objectives for 2022 and delivered
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