Tesla is poised to report record quarterly profit for the final three months of 2022
Tesla closed its worst year in its stock’s history, shedding about $675 billion in market valuation in 2022—the same year CEO Elon Musk bought Twitter. But reasons for the selloff go well beyond the social-media company. WSJ’s Sean McLain explains. Photo illustration: Amber Bragdon/Getty ImagesTesla Inc. is poised to report record quarterly profit for the final three months of 2022 as Wall Street hungers for clarity on the company’s growth plans in light of apparent demand weakness.
Elon Musk‘s electric-car maker is forecast to report nearly $3.8 billion in fourth-quarter profit, up around 62% from a year earlier, according to analysts surveyed by FactSet , even as vehicle-delivery growth slowed.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla earnings will be 'most important' in history, Tesla bull saysTesla is slated to report fourth-quarter earnings after the bell Wednesday, and a known Tesla bull is calling the report "one of the most important in...
Read more »
Logitech quarterly sales fall 22% as slowdown fears biteComputer peripherals maker Logitech International said on Tuesday its third-quarter sales fell 22%, confirming its preliminary results which showed that business customers had put the brakes on buying new equipment amid slowdown concerns.
Read more »
Microsoft, amid layoffs, says quarterly profit declined 12%Microsoft has reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it says led to its decision to cut 10,000 workers.
Read more »
Penske Automotive raises quarterly dividend by 7% to 61 cents a sharePenske Automotive Group Inc. said Wednesday its board has agreed to raise its quarterly dividend by 7%, or 4 cents a share, to 61 cents. The car and truck...
Read more »
Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demandBoeing's orders and deliveries rose last year as travel rebounded.
Read more »