Amid flagging demand, steep price cuts, and ongoing drama surrounding Elon Musk’s stewardship of Twitter, Tesla published its fourth quarter earnings report in which the company said it earned $3.7 billion in net income on $24.3 billion in revenue. That represents a 59 percent increase year over year compared to $2.8 billion in revenue in Q4 2021.
It was also Tesla’s third year ending in the black, with $14.1 billion in net income for 2022, compared to $5.5 billion in profit in 2021 and a mere $721 million in 2020. Tesla turned that profit on over $81.5 billion in revenue.
The earnings come on the heels of a production and delivery report in which Tesla said it delivered 405,278…
