Tesla Inc has released its earnings report for the fiscal year 2020 and the fourth quarter 2020 with a mixed bag of results. Take a look!
Electric vehicle and renewable energy products manufacturer Tela Inc has released its earnings results for the fourth quarter of and full fiscal 2020 today. The results show the first full fiscal year of profitability for Tesla, a first for the company that was plagued by production issues only a handful of years back. For Tesla bulls, and those who look at the company’s top-line earnings or revenues to gauge its success in establishing an entirely new category of the company, the results hold good news. For its bears, or those who consistently state that Tesla will find it difficult, if not impossible, to maintain profitability, they hold redemption as the bulk of Tesla’s bottom line earnings, or Net Income, is still due to its regulatory credits. TSMC Considering 15% Auto Chip Price Hike Amidst Global Shortage – Report Tesla’s revenues during 2020 stood at $27 billion, marking a new record for the company and coming through strong vehicle deliveries during the year. Yet, regulatory credit sales also stop at an all-time high during the year, topping out at $1.58 billion in a 166% annual growth – a striking figure when compared to annual revenue growth of 31%.
