CEO Elon Musk has said Tesla would have capacity to make about 2 million cars this year, if everything goes smoothly
The leading electric vehicle maker posted adjusted earnings of $1.19 per share in the quarter, up from 85 cents a share a year earlier, and its previous record of $1.07 a share in the first quarter. Analysts surveyed by Refinitiv had forecast EPS of $1.13. For the full year, the company had adjusted earnings per share of $4.07, up from $2.26 in 2021. But the closely-watched automotive gross margin fell to 25.9% from 27.9% in the third quarter and 30.6% in the fourth quarter a year ago.
“It just always seems to be some force majeure thing that happened somewhere on Earth. And we don’t control if there’s like earthquakes, tsunamis, wars, pandemics, et cetera,” he said. “So if it’s a smooth year, actually, without some big supply chain interruption or massive problem, we actually have the potential to do 2 million cars this year. We’re not committing to that but I’m just saying that’s the potential. And I think there would be demand for that, too.
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