Tesla has released their Q4 2020 and full year financial update showing it has posted its six straight profitable quarter.
Along with the strong Q4 earnings, Tesla also revised its annual delivery numbers. Earlier this month in preliminary figures, the automaker estimated annual deliveries at 499,550, just 50 vehicles shy of meeting their annual guidance. Today that number was revised to 499,657, just 353 vehicles from their target.
Here are the key figures from the report:
Earnings
Tesla shareholders saw earnings of $0.80 per share versus estimates of as much as $1.08 per share.
Revenue
Tesla reported automotive revenue of $9.314 billion, growing by 46% year over year (YoY). Total revenue increased 46% YoY to $10.774 billion.
Developing story, keep checking back for updates…
