Enlarge / Elon Musk had loads of complications in 2022, however Tesla earning money wasn’t one in all them. (credit score: FREDERIC J. BROWN/AFP through Getty Photos)

Tesla printed its monetary outcomes for the fourth quarter of 2022 on Wednesday afternoon. The corporate introduced in $24.Three billion in income, a 37 p.c enhance on This autumn 2021. Automotive revenues accounted for the lion’s share—$21.Three billion, a 33 p.c enhance from This autumn 2021. That translated to $3.7 billion in web revenue as soon as typically accepted accounting practices (GAAP) had been utilized—a formidable 59 p.c enhance from This autumn 2021.

Which means Tesla had a superb 2022, regardless of lacking its gross sales forecast. Automotive revenues grew by 51 p.c in comparison with 2021, bringing in $71.5 billion. Complete revenues had been up by the identical proportion 12 months over 12 months at $81.four billion. Working bills accounted for $7.2 billion, and as soon as GAAP was utilized, Tesla ended the 12 months with a web revenue of $12.6 billion. Free money move dropped by 49 p.c to $1.four billion.

Tesla acknowledged income for its extremely controversial “Full Self Driving” help this 12 months after making the beta open to all Tesla homeowners—supplied they paid $15,000. Nevertheless, regardless of CEO Elon Musk’s claims that the monetary way forward for the corporate relies upon upon FSD, in 2022 that solely translated to $324 million. Tesla’s monetary presentation does declare that “we count on to acknowledge practically $1 billion of deferred income that continues to be for such clients over time as software program updates are delivered.” Elsewhere in its monetary presentation, it claims that there are roughly 400,000 FSD customers within the US and Canada.