Tesla's Earnings Report Reveals 2 Major Catalysts
Tesla's (NASDAQ: TSLA) fourth-quarter earnings report showed that the electric-car maker wrapped up 2022 with impressive momentum. Fourth-quarter revenue grew 33% and net income for the same period increased 59%.
The period marked Tesla's "highest-ever quarterly revenue, operating income and net income in our history," management said in the company's fourth-quarter update. The automaker said it expects strong growth to persist in 2023, with management guiding for full-year vehicle production to increase about 31% year over year.
But the two most important takeaways during the call surrounded commentary about the impact of recent price cuts on demand and the timeline for a new product launch. These two things represent two major catalysts for the electric-vehicle (EV) company.
Source Fool.com
