Tesla’s 2022 Annual and Q4 Financial Report is Freshly Released

Profit Data

• The operating profit margin for the year 2022 was 16.8%, while the Q4 was 16.0%
• The GAAP operating profit for the year 2022 was $13.7 billion, while the Q4 was $3.9 billion.
• The GAAP net profit for the year 2022 was $12.6 billion, while the Q4 was $3.7 billion.
• The non-GAAP net profit for the year 2022 was $14.1 billion, while the Q4 was $4.1 billion.

Cash Data

• The operating cash flow for the year 2022 was $14.7 billion, and the free cash flow was $7.6 billion.
• The operating cash flow for Q4 was $3.3 billion, and the free cash flow was $1.4 billion.
• In Q4, our cash and investments increased by $1.1 billion to reach $22.2 billion.

Tesla has achieved profit for 13 consecutive quarters, and the Q4 has achieved the highest quarterly revenue, operating revenue, and net revenue in history.The total revenue for the full year of 2022 increased by 51% year-over-year to reach $81.5 billion, and GAAP net profit more than doubled year-over-year to reach $12.6 billion.

Moreover, a new record was set with annual deliveries of 1,313,851 vehicles.

In addition, Tesla emphasized the following information:

• Both the Texas Gigafactory and the Berlin Gigafactory are now capable of producing 3,000 Model Y vehicles per week;

• The SEMI truck began delivery in December;

• The 4680 battery achieved a production rate of 1,000 battery packs per week in the fourth quarter, and 2024 will be a very important year for 4680 batteries. The long-term goal is to achieve 1,000 GWh;

• Musk has set Tesla’s next target as delivering “almost 2 million vehicles” by 2023.

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.