Elon Musk's EV powerhouse closed out its best year in company history, aided in in large part by its booming operations in China.
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“There should no longer be doubt about the viability and profitability of electric vehicles,” the company said in a The company also recorded $314 million of pollution credit sales to other automakers during the quarter, a long-time source of free funds. It earned $1.47 billion from those sales in 2022.
Musk and Tesla CFO Zachary Kirkhorn will provide more details of the results and guidance for the year ahead in a conference call at 5:30 p.m. Eastern time. The carmaker’s billionaire CEO is also expected to provide details on new models including the delayed Cybertruck electric pickup he unveiled in 2019.
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