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Old January 28th, 2022 #72
Stewart Meadows
Senior Member
Join Date: May 2018
Posts: 23,042
Stewart Meadows

Tesla shares dip in after-hours trading despite record revenue

By Reuters
January 26, 2022

Tesla posted record quarterly revenue Wednesday that beat Wall Street estimates, but said it expected supply chain issues to continue through this year.

The stock fell 2.7% in after-hours trading.

Revenue rose to $17.72 billion in the fourth quarter, from $10.74 billion a year earlier. Analysts had expected the electric-vehicle maker to report revenue of $16.57 billion, according to IBES data from Refinitiv.

The world’s most valuable automaker last quarter handed over a record number of vehicles to customers despite supply chain headwinds.