As per reports, Tesla (TSLA) recorded strong fourth-quarter results beating analyst estimates amid supply chain headwinds that have troubled the global auto industry at an unprecedented scale. The EV maker reported revenue of $17.719 billion up 65% year over year and above $16.64 billion expected. Adjusted EPS of $2.54 was reported versus $2.37 expected. Net income was up 760% at $2.32 billion. Tesla posted a $5.5 billion annual profit on $53.8 billion of sales in 2021, up from $721 million in profit and $31.5 billion in sales in 2020.
Tesla reported earlier this month that it produced 305,840 vehicles and delivered 308,600 in the last three months of 2021. The company topped its previous record in the third quarter to bring total deliveries for the year to 936,172 an increase of 87% from 2020’s numbers, even around the global semiconductors shortage and longer waits on deliveries due to shipping bottlenecks.
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