Tesla Earnings Top Estimates; Margins Narrow on Price Cuts
Tesla Earnings Top Estimates; Margins Narrow on Price Cuts
Tesla late Wednesday reported mixed fourth-quarter results, with revenue slightly below Wall Street expectations, but injected some optimism in its production outlook for 2023.
特斯拉周三晚些时候公布的第四季度业绩喜忧参半，营收略低于华尔街预期，但为其2023年的生产前景注入了一些乐观情绪。
$Tesla (TSLA.US)$ earned $3.69 billion, or $1.07 a share, in the quarter, compared with $2.3 billion, or 68 cents a share, in the year-ago period. Adjusted for one-time items, Tesla earned $1.19 a share, while the CIQ Analyst Consensus of was $1.11 a share.
$特斯拉 (TSLA.US)$该季度盈利36.9亿美元，合每股1.07美元，而去年同期为23亿美元，合每股0.68美元。经一次性项目调整后，特斯拉每股盈利1.19美元，而CIQ分析师的共识是每股1.11美元。
Revenue for the quarter jumped 37% to $24.32 billion, from $17.7 billion a year ago. The company reported quarterly sales which beat the analyst consensus estimate of $24.16 billion.
该季度营收从去年同期的177亿美元跃升至243.2亿美元，增幅为37%。该公司公布的季度销售额超过了分析师普遍预期的241.6亿美元。
As for outlook, Tesla kept more or less intact the same language it has kept for several past quarters, with a crucial difference.
至于前景，特斯拉大体上保持了过去几个季度保持不变的措辞，但有了关键的不同。
Tesla said it plans to grow its manufacturing capacity "as quickly as possible," about 50% average annual growth over a "multi-year horizon" in deliveries. For 2023, however, it expected to "remain ahead" of that long-term goal and reach 1.8 million vehicles a year.
特斯拉表示，计划“尽快”扩大其制造能力，在“多年”的交货期内实现约50%的年均增长。然而，到2023年，该公司预计将“保持领先”，达到每年180万辆的目标。
Gross automotive margins were 25.9%, a bide decline from the last year, Tesla said, and the 27.9% figure recorded over the third quarter, owing to big price cuts in the U.S. and China as well as costs linked to the ramp-up of production in Berlin and Texas.
特斯拉说，汽车毛利率为25.9%，较去年同期略有下降，第三季度毛利率为27.9%，原因是美国和中国的大幅降价，以及柏林和德克萨斯州增产的相关成本。
"Cybertruck remains on track to begin production later this year at Gigafactory Texas," the company accounced during in its fourth quarter earnings.
“CyberTruck仍将于今年晚些时候在德克萨斯州GigaFactory开始生产，”该公司在第四季度收益中表示。
Earnings Highlights
收益亮点
Profitability
盈利能力
16.8% operating margin in 2022; 16.0% in Q4
2022年营业利润率为16.8%；第四季度为16.0%
$13.7B GAAP operating income in 2022; $3.9B in Q4
2022年GAAP营业收入137亿美元；第四季度39亿美元
$12.6B GAAP net income in 2022;$3.7B in Q4$
2022年GAAP净收入为126亿美元；第四季度为37亿美元
14.1B non-GAAP net income in 2022; $4.1B in Q4
2022年非GAAP净收入为141亿美元；第四季度为41亿美元
Cash
现金
Operating cash flow of $14.7B; free cash flow of $7.6B in 2022
运营现金流为147亿美元；2022年自由现金流为76亿美元
Operating cash flow of $3.3B; free cash flow of $1.4B in Q4
运营现金流为33亿美元；第四季度自由现金流为14亿美元
$1.1B increase in our cash and investments in Q4 to $22.2B
第四季度我们的现金和投资增加了11亿美元，达到222亿美元
Operations
运营
6.5 GWh of energy storage deployed in 2022, up 64% YoY
2022年部署了6.5千兆瓦时的能源存储，同比增长64%
Record vehicle deliveries of 1.31 million in 2022
2022年汽车交货量达到创纪录的131万辆
Financial Summary
财务摘要
Vehicle Capacity
车辆容量
Tesla shares were down nearly 0.2% in after-hours trading.
特斯拉股价在盘后交易中下跌近0.2%。