Tesla achieved results for the fourth quarter that exceeded expectations, but recorded its first-ever annual decline in revenue. The company reported record vehicle deliveries in the final quarter, which allowed it to surpass analysts' forecasts. However, the total annual revenue decreased, marking the first such figure in the company's history. Tesla attributed this to various factors, including global supply chains and economic uncertainty.
Tesla Posts Record Quarterly Results But Reports First Annual Revenue Decline
Tesla reported record vehicle deliveries in Q4, beating analyst expectations, but recorded its first-ever annual revenue decline in company history.