Revenues more than doubled to $7.23 billion in Q4, surpassing market expectations.
Automotive revenue surged to $6.3 billion, helped mainly by the strong Model 3 deliveries.
Adjusted earnings were $1.93 per share, compared to a loss of $3.04 per share in 4Q17. Analysts were looking for a higher number.
In Q4, the company produced 86,555 vehicles and delivered 90,700 units. As part of its efforts to ramp up sales, the company also lowered the prices of Model X, Model S and Model 3.
Model delivery and production split graphic
Automotive revenue surged to $6.3 billion, helped mainly by the strong Model 3 deliveries.
Adjusted earnings were $1.93 per share, compared to a loss of $3.04 per share in 4Q17. Analysts were looking for a higher number.
In Q4, the company produced 86,555 vehicles and delivered 90,700 units. As part of its efforts to ramp up sales, the company also lowered the prices of Model X, Model S and Model 3.
Model delivery and production split graphic
