Tesla, which has entered the investment process in our country, manages to spend the 2022 fiscal year with a high profitability rate despite all the difficulties. Tesla shared its revenue in the second half of 2022.
Tesla announced its revenue in the second half of 2022
Wall Street and crowdsourced expectations announced at the beginning of the week were announced as approximately $ 16,521 billion. Earning $400 million higher than Wall Street expectations, the company reported earnings of $2.27 per share.
Having to close its huge production facility in Shanghai, Tesla fell short of expectations in terms of delivery. Having successfully delivered approximately 250,000 deliveries, the company delivered 50,000 units below its targets.
The company, which increased its cash position by $0.8 billion in the second quarter, has a total of $18.3 billion in cash reserves. Struggling with difficulties during the second quarter fiscal year, Tesla was able to attract the attention of investors with an impressive operating margin.
Making a statement on the subject, the company said, “We made significant progress in business in the second quarter of 2022. For most of the quarter, we faced challenges such as limited production and the shutdown in Shanghai. Despite this, we achieved the highest operating margin in the industry with 14.6. We are happy to realize the highest vehicle production in our history in this period.” made statements.
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