LIVE: TESLA Q4 EARNINGS CALL 2022

EV Channels Review

Tesla's Q4 2022 earnings call highlighted a record-breaking year with over 1.3 million vehicles delivered and a 17% operating margin, achieved despite significant global challenges. Elon Musk addressed investor concerns about demand, stating that January 2023 orders were the strongest in history, nearly double production rates, leading to modest price increases on some models. The company is making progress on cost control, particularly at its Berlin and Austin factories, and sees significant potential in its Full Self-Driving (FSD) beta rollout, now with 400,000 customers. The 4680 battery cell production reached 1,000 cars per week, with plans for substantial capacity expansion. Energy storage also saw record growth. Management emphasized a focus on manufacturing technology as a key long-term strength and expressed confidence in maintaining industry-leading operating margins while pursuing strong volume growth. The call also touched upon the potential impact of Inflation Reduction Act credits and the long-term vision for AI and autonomous driving.