26 January Tesla reported for the fourth quarter of 2021. Revenue and profit grew strongly, but the company warned: shortage of components will continue to affect sales in 2022.
Financial results
Compared to Q4 2020:
- total revenue — $17.7 billion (+65%);
- operating profit — $2.6 billion (+354;);
- net profit - $ 2.3 billion (+760%);
- adjusted earnings - $2.9 billion (+219%).
Tesla sold 309,000 vehicles in the fourth quarter 71% more, than a year ago. The company earned $16 billion from auto sales.. This income also increased by 71% and amounted to 90% of total revenue. Tesla earned the rest from services and the production and storage of electricity..
The company stated, that sales could be higher, if not for the shortage of chips: “Due to supply disruptions, our factories have been operating at less than full capacity for several quarters.. Probably, in 2022 the situation will not change”.
Long term, When will Tesla solve production problems?, it plans to increase car sales by an average of 50% yearly.
Also, due to a shortage of chips, the company again postponed the production of a Cybertruck pickup truck and a cheap electric car for 25 thousand dollars.. New models will be released no earlier than 2023.
Tesla figures for 2021 compared to 2020, billion dollars
| total revenues | 53,8 (+71%) |
| Operating profit | 6,5 (+227%) |
| Net profit | 5,5 (+665%) |
| Adjusted profit | 7,6 (+211%) |
| Operating cash flow | 11,5 (+93%) |
| free cash flow | 5,0 (+80%) |
53,8 (+71%)
Promotions
Probably, the expected report of Tesla investors won back in the afternoon. 26 January, the company's shares rose by 2,1%, to 937,4 $. After the report on the postmarket, the paper fell by 0,8%, to 929,9 $.
Over the past five years, Tesla shares, on expectations of future growth, have come off strongly in terms of returns from S&P 500: 1753 against 90%. In the last year, papers lag behind the broad index: 8 against 16%.
