The Other Numbers That Matter in Tesla’s Results
Tesla’s fourth-quarter earnings per share missed Wall Street estimates by 2 cents. But there are many more numbers to dive into. And none of them look great relative to expectations.
Tesla’s automotive gross profit margin came in at 16.6%, down from 20.1% in the third quarter. Costs to produce cars came down about $1,200 per unit, but pricing came down about $3,100 per vehicle.
Excluding the impact of regulatory credit sales, Tesla’s automotive gross profit margin was about 13.6%, down from 17.1% in the third quarter. Wall Street was looking for closer to 16%, according to Bloomberg.