Tesla (TSLA) Q4 2022 achieved a 24.3% gross profit excluding sales tax.

Tesla ( TSLA ) touted some of its auto spending numbers in its latest earnings release.

Tesla (TSLA) shared its Q4 2022 earnings report, announcing business performance over the past three months. In the report, the company shares specific sales related to its automotive business. Here we see that Tesla has a 24.3 percent profit margin on the quarter, excluding sales tax.

The latest Tesla (TSLA) number comes from the company Q4 2022 earnings report. On page 31 of the quarterly update, we see that Tesla brought in 24.3 percent of auto spending in Q4. For reference, this number is 26.9% in Q3, 26.2% in Q2, and 30% in Q1. It looks like tesla is pulling a solid schedule, excluding taxes.

Tesla charging station.
Source: Tesla

Interestingly, Tesla also explained the potential of car production on page 9 of the report. Tesla has the capacity to produce 1.9 cars per year, which is an impressive number for the electric company.

In that same earnings report, Tesla ( TSLA ) revealed beat both revenue and EPS expectations. We also knew that the company was finished $22 billion on its balance sheet at the end of the quarter.

We are ready to learn more about Tesla’s (TSLA) Q4 during the earnings call, which will happen soon. If you can’t hear the call, we’ll cover it on ours Tesla main page. Be sure to visit that page often for any news you miss.

Donovan is a young writer from Maryland, who loves to play. His oldest game is playing Pajama Sam on his mother’s desk on the weekends. Pok√©mon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most important titles in awakening his interest in video games. After working for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in media and joined the full-time team. He is a huge Star Wars and movie nerd who talks to you about movies and games all day long. You can follow him on twitter @Donimals_

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