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The Guardian - US
The Guardian - US
Technology
Kari Paul

Tesla surpasses earning expectations even as Musk remains mired in lawsuits

The report came as Musk faces a number of lawsuits.
The report came as Elon Musk faces a number of lawsuits. Photograph: NTB/Reuters

Tesla surpassed Wall Street expectations in highly anticipated fourth-quarter earnings on Wednesday, bolstered by record delivery of electric vehicles during the last three months of 2022.

The electric car company posted $24.3bn in revenue, slightly higher than the $24.07bn anticipated by analysts and 33% growth year-over-year, demonstrating that the automaker may be doing a better job than anticipated of weathering concerns about slipping demand for its cars, logistical holdups and ongoing legal drama surrounding its chief executive, Elon Musk.

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