From TheStreet, January 25:
Tesla's profit margins narrowed sharply over the fourth quarter, but Elon Musk has stuck to his target of a 50% growth rate for annual deliveries.
Updated at 4:22 pm EST
Tesla (TSLA) - posted stronger-than-expected fourth quarter earnings Wednesday, and even as cost cuts ate into the group's profit margins CEO Elon Musk said he plans to outpace his forecast for a 50% annual delivery growth rate.
Tesla said adjusted earnings for the three months ending in September were pegged at $1.19 per share, up nearly 40% from the same period last year and 6 cents ahead of the Street consensus forecast of $1.13 per share.
Group revenues, Tesla said, rose 37.6% from last year to $24.32 billion, just ahead of analysts' forecasts of a $24.03 billion tally.
Gross automotive margins were 25.9%, a bide decline from the last year, Tesla said, and the 27.9% figure recorded over the third quarter, owing to big price cuts in the U.S. and China as well as costs linked to the ramp-up of production in Berlin and Texas. ...
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From the company:Q4 and year end
