Tesla, a U.S. electric car maker, posted the highest net profit ever in 2021.
Tesla announced its fourth-quarter earnings in 2021 shortly after the closing of the New York Stock Exchange on the 26th (local time), AP reported.
Last year’s total net profit was $5.5 billion, the highest ever.
Tesla net profit in the fourth quarter of 2021 reached $2.32 billion, and net profit per share reached $2.52, exceeding market expectations $2.36 compiled by financial information company Refinitiv.
Sales in the fourth quarter were also $17.72 billion, exceeding Wall Street expectations ($16.57 billion).
The figure is an increase of 65% compared to the same period last year-on-year.
Reuters reported, “Tesla has increased sales as it delivered a record number of vehicles to customers despite the supply chain headwind.”
However, Tesla warned that supply chain problems such as a shortage of semiconductor chips for vehicles will continue this year, and stock prices fell 5% in overtime transactions, CNBC reported.
Tesla said in a statement, “As the supply chain problem became a major constraint, the factory’s operational capacity declined, and this problem is likely to continue in 2022.”
Analysts say that the Fed’s announcement of a rate hike in March before Tesla’s earnings announcement also affected Tesla’s stock price. Tesla closed at $937.41 on the New York Stock Exchange on the 26th, up 2.07% from the previous trading day
