Tesla releases Q4 2020 and FY financial results and posts sixth straight profitable quarter

Tesla lineup Supercharging

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.

Tesla earnings

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Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca