NASDAQ$TSLA
Tesla Motors, Inc. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Tesla's Q4 2021 performance showcased significant revenue growth and profitability, driven by increased vehicle deliveries and operational efficiency.
Tesla's Q4 2021 saw a 65% YoY revenue increase to $17.7B. Operating income reached $2.6B with a 14.7% margin. Free cash flow was $2.8B, contributing to a $1.5B increase in cash and cash equivalents, reaching $17.6B.
- Total revenue grew 65% YoY in Q4 to $17.7B.
- Operating income improved to $2.6B in Q4, resulting in a 14.7% operating margin.
- Quarter-end cash and cash equivalents increased sequentially by $1.5B to $17.6B in Q4.
- Free cash flow of $2.8B in Q4.
Headline financials
Revenue & EPS history
Tesla · Revenue · Quarterly
$17.7B
Revenue by segment
Tesla · $17.7B total across 4 segments · Q4 2021
- Automotive Sales$16B—90.2%
- Energy & Storage$688M—3.9%
- Services & Other$619M—3.5%
- Automotive Leasing$419M—2.4%
Forward guidance
Tesla plans to grow manufacturing capacity as quickly as possible, expecting 50% average annual growth in vehicle deliveries over a multi-year horizon. Hardware-related profits are expected to be accompanied by an acceleration of software-related profits. The pace of production ramps in Austin and Berlin will be influenced by new technologies, supply-chain challenges and regional permitting.
Tailwinds
- Plan to grow manufacturing capacity as quickly as possible.
- Expect to achieve 50% average annual growth in vehicle deliveries.
- Sufficient liquidity to fund product roadmap and long-term capacity expansion plans.
- Expect hardware-related profits to be accompanied with an acceleration of software-related profits.
- Making progress on the industrialization of Cybertruck, planned for Austin production subsequent to Model Y.
Headwinds
- Supply chain became the main limiting factor, which is likely to continue through 2022.
- The rate of growth will depend on equipment capacity, operational efficiency and the capacity and stability of the supply chain.
- Own factories have been running below capacity for several quarters.
- Pace of production ramps in Austin and Berlin will be influenced by ongoing supply-chain related challenges and regional permitting.
- Successful introduction of many new product and manufacturing technologies in new locations is needed.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.1%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+2.5%
Avg return
30 days after
56%
36 / 64 earnings
Positive
+25.1%
Q1 2013
Best reaction
-14.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -5.9% | -3.0% | +10.0% | |
| Q1 2026 | +0.5% | -3.0% | +10.0% | |
| Q3 2025 | +3.6% | +4.9% | -10.9% | |
| Q2 2025 | -8.2% | -3.4% | +2.2% | |
| Q1 2025 | +5.4% | +20.1% | +42.6% | |
| Q4 2024 | +2.9% | +0.8% | -24.7% | |
| Q3 2024 | +19.5% | +20.4% | +61.7% | |
| Q2 2024 | -14.1% | -12.6% | -16.2% | |
| Q1 2024 | +14.1% | +18.5% | +22.3% | |
| Q4 2023 | -12.7% | -8.7% | -8.2% | |
| Q3 2023 | -13.6% | -16.8% | -8.1% | |
| Q2 2023 | -10.4% | -8.3% | -26.5% | |
| Q1 2023 | -11.6% | -11.8% | -2.3% | |
| Q4 2022 | +11.4% | +15.8% | +36.8% | |
| Q3 2022 | -5.9% | -4.1% | -18.2% | |
| Q2 2022 | +10.7% | +9.3% | +20.8% | |
| Q1 2022 | -1.9% | -2.9% | -35.4% | |
| Q4 2021 | -9.7% | +2.0% | -11.8% | |
| Q3 2021 | +3.4% | +18.6% | +31.6% | |
| Q2 2021 | +0.2% | +6.8% | +10.5% | |
| Q1 2021 | -3.4% | -2.7% | -15.1% | |
| Q4 2020 | -5.4% | -4.9% | -23.5% | |
| Q3 2020 | +0.9% | -0.4% | +16.0% | |
| Q2 2020 | -3.5% | -1.8% | +30.7% | |
| Q1 2020 | +1.7% | -1.0% | +8.6% | |
| Q4 2019 | +13.0% | +37.6% | +17.8% | |
| Q3 2019 | +17.3% | +28.2% | +30.3% | |
| Q2 2019 | -12.1% | -9.4% | -18.7% | |
| Q1 2019 | -6.1% | -8.5% | -27.8% | |
| Q4 2018 | +3.2% | +5.2% | -0.9% | |
| Q3 2018 | +7.0% | +13.8% | +10.8% | |
| Q2 2018 | +17.2% | +14.7% | +1.2% | |
| Q1 2018 | -5.2% | +1.0% | -2.7% | |
| Q4 2017 | -5.6% | -5.5% | -2.0% | |
| Q3 2017 | -9.7% | -8.7% | -7.5% | |
| Q2 2017 | +8.6% | +11.1% | +11.2% | |
| Q1 2017 | -7.3% | -3.7% | +6.6% | |
| Q4 2016 | -7.7% | -11.2% | -5.1% | |
| Q3 2016 | +0.8% | -2.3% | -2.8% | |
| Q2 2016 | +1.5% | -0.5% | -12.9% | |
| Q1 2016 | -9.0% | — | — | |
| Q4 2015 | +1.5% | — | — | |
| Q3 2015 | +8.4% | — | — | |
| Q2 2015 | -7.5% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | -6.2% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | -13.8% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | -13.7% | — | — | |
| Q2 2013 | +7.9% | — | — | |
| Q1 2013 | +25.1% | — | — | |
| Q4 2012 | +2.0% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +4.0% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q2 2011 | +3.6% | — | — | |
| Q1 2011 | -3.8% | — | — | |
| Q4 2010 | +3.7% | — | — | |
| Q3 2010 | +9.6% | — | — | |
| Q2 2010 | +6.8% | — | — | |
| Q1 2010 | — | — | — |
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