Salem Radio Network News Saturday, April 1, 2023


Tesla says its 4Q profit rose 59%, expects strong demand


( ) -q-20- UNDATED (Correspondent Jeremy House) “a year ago.”

Tesla has posted record net income for the fourth quarter of last year.

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TAG: Correspondent Jeremy House reporting. Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected.

VERBATIM: The company predicts additional software-related profits will keep its margins higher than any other automaker. The Austin, Texas, maker of electric vehicles and solar panels said it made $3.69 billion from October through December. Tesla’s profit was 59% more than the same period a year ago.

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