RV_ Posted April 10, 2023 Report Share Posted April 10, 2023 Tesla earned $12.6 billion in net income last year while generating $7.6 in free cash flow, as detailed in a recent report from The Motley Fool. The publication also points out that, crucially, Tesla reached those financials after reinvesting over $7 billion into its operations last year. The Motley Fool says that it has been good for analysts and investors to pay close attention to the automaker’s main business of EVs. However, Tesla’s other businesses may show promise, too. “Analysts and investors have rightly focused on Tesla’s core business thus far. But there’s something else stock buyers should want to follow,” writes The Motley Fool’s Howard Smith. “[The] company’s energy and services segments are growing much more quickly than vehicle sales and are becoming meaningful contributors to revenue.” While $20.24 billion of Tesla’s revenue in Q4 came from the auto business, the company also made $1.7 billion in the “services and other” category. This category includes paid Supercharging, Tesla service and parts, used car sales, and other ongoing services-related charges. This particular category marked 7.5 percent of Tesla’s full-year revenue in 2022, and it achieved record gross profits. It’s noteworthy that Tesla is also piloting a program to open its Supercharger network to other EVs, currently available in select U.S. locations and in many areas of Europe. Tesla has over 43,000 Supercharger stalls worldwide, and is constantly deploying new charging stations. Tesla also generated $1.31 billion in revenue from “energy generation and storage” in Q4, a hugely growing industry, as well as $599 million and $467 million in auto leasing and regulatory credits, respectively. Despite the energy business not generating as much revenue as some analysts and investors had hoped, its growth is clear and likely to continue increasing in the coming years. You can see a helpful chart from The Motley Fool on Tesla’s revenue streams in the fourth-quarter of 2022 here." https://cleantechnica.com/2023/04/08/teslas-q4-2022-revenue-beyond-its-automotive-business/ Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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