Tesla's Last Quarter Balance Sheet Announced

Electric vehicle manufacturer Tesla's last quarter balance sheet has been announced. Tesla did not sell Bitcoin in the last quarter.

Electric vehicle manufacturer Tesla's balance sheet covering the last quarter of 2021 has been published. According to the balance sheet, the company did not sell and continued to hold Bitcoins as of December 31, 2021.

Results Are Stronger Than Expectations

On the other hand, Tesla's fourth-quarter financial results were stronger than expectations. Earnings came in at $2.52 versus expected $2.36 per share. Revenue was announced as $17.72 billion. Analysts had expected $16.57 billion. The company's revenue increased by 65 percent year over year. Net income was $2.32 billion, up 760 percent. The company reported a 27.4 percent gross margin, compared to 26.6% in the previous quarter. In 2021, Tesla delivered 936,172 vehicles, compared to 499,647 deliveries in 2020. The number of vehicles delivered in the fourth quarter was 308 thousand 600.