• Tesla made an annual profit of $12.6 billion in 2022

    13 days ago - By Ars Technica

    Enlarge / Elon Musk had plenty of headaches in 2022 but Tesla making money wasn't one of them. (credit: FREDERIC J. BROWN/AFP via Getty Images)
    Tesla published its financial results for the fourth quarter of 2022 on Wednesday afternoon. The company brought in $24.3 billion in revenue, a 37 percent increase on Q4 2021. Automotive revenues accounted for the lion's share-$21.3 billion, a 33 percent increase from Q4 2021. That translated to $3.7 billion in net profit once generally accepted accounting practices were applied-an impressive 59 percent increase from Q4 2021.
    That means Tesla had...
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