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Tesla logs record profit in fourth quarter, warns of uncertainties

Tesla, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share

Tesla has been lobbying with the Indian government to reduce the duty on imported cars.
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Tesla has been lobbying with the Indian government to reduce the duty on imported cars.

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Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

Tesla, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share.

That beat estimates of $1.13 that had been reduced by analysts, according to FactSet.

The company’s profit was 59 per cent more than the same period a year ago.

Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected.

But the company’s automotive gross

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First Published: Jan 26 2023 | 11:53 PM IST

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