Tesla slightly beats quarterly revenue estimates; sees 37% delivery growth this year

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Reuters UK

(Reuters) -Tesla Inc slightly beat analysts’ estimates for fourth-quarter revenue on Wednesday, powered by record delivery of electric vehicles during the last three months of 2022. The electric-vehicle maker, which missed its delivery target last year, said it expects to increase vehicle deliveries by 37% this year to 1.8 million vehicles. Tesla has outperformed the industry and increased sales and profit to records in recent years, weathering the pandemic and global supply-chain issues better than rivals. But its recent, steep global price cuts mark a move toward stimulating growth at the ex…

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