Tesla’s ‘transformative’ fourth quarter tops a full year of positive revenue

Musk is on the verge of becoming even richer than it was at the end of 2020, with Tesla posting $ 10 billion in revenue in the last quarter, a 46 percent increase year over year and a feat that should trigger another stock option massive payment should the company get $ 2 billion in quarterly adjusted EBITDA.

“2020 has been quite a year for us on many levels,” said Zachary Kirkhorn, a Tesla executive, during a conference call with reporters. “Despite a challenging environment. We have reached an important milestone in the production and delivery of half a million cars. “

The company also announced figures for its other subsidiaries in the last quarter. Tesla’s home solar business reportedly delivered 60 percent more solar panels and almost 200 percent more solar energy storage systems in 2021 than the previous year, in addition to registering a nearly 50 percent increase in its network of power stations. fast EV charging.

Tesla is also apparently doing well with the launch of its digital assistant. “I think we are very open to licensing our software to third parties,” said Tesla CEO Elon Musk, during the conference call. “We had some preliminary discussions about licensing automotive drivers for other OEMs. So, it was something we are more than happy to do. “

Looking ahead, 2021 may be our most significant step yet, as we see the benefits of long-standing investment in capacity and technology, ”continued Kirkhorn. “The range of possible results this year is wide, given the magnitude of the launches.”

Moving forward, Tesla expects deliveries of its refurbished Model S and X vehicles soon, as well as its GigaFactory Shanghai- and GigaFactory Berlin-built Model Y vehicles to start later this year, and will eventually join the highly anticipated tractor Tesla Semi. excerpts from a film. “If we’re lucky, we can make some deliveries later this year,” admitted Musk, “but I expect production volume in 2022.”

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