In the last quarter of 2022, the company posted record profits and delivered 1.31 million electric cars for the year.
The company claims that its difficulties are temporary. Tesla posted record profits in the fourth quarter of 2022, and its revenue for the period rose 37% to $24.3 billion. The company's net income soared 59% to $3.7 billion, an all-time high.
For all of last year, the company's revenue jumped 51% to $81.5 billion and net income more than doubled to $12.6 billion. This gives the company confidence despite growing doubts about the strength of demand for its electric cars.