Tesla surpasses earning expectations even as Musk remains mired in lawsuits

The electric car company posted $24.3bn in fourth-quarter earnings, surpassing anticipated revenue

Tesla surpassed Wall Street expectations in highly-anticipated fourth-quarter earnings on Wednesday, bumping its stock price up 3% after markets closed.

The electric car company posted $24.3bn in revenue, higher than the $24.07bn anticipated by analysts and 33% growth year-over-year, demonstrating that the automaker may be doing a better job than anticipated of weathering concerns about slipping demand for its cars, logistical holdups, and ongoing legal drama surrounding its chief executive, Elon Musk.

Date:	Jan. 25, 2023 4:41 PM ET
Link:	Read more at The Guardian
Source:	The Guardian - theguardian.com
Tag:	Tesla

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