Tesla Posts Highest Profits Ever Despite Concerns About Musk’s Twitter Purchase Causing Brand Risk

  • Tesla reported record financial performance that exceeded expectations despite concern over the recent purchase of Twitter by Elon Musk, the electric automaker’s chief executive.
  • Tesla boasted revenues of $24.32 billion for the fourth quarter, surpassing analysts’ expectations of $24.16 billion and reflecting a 37% year-over-year increase.
  • Total gross profits were $5.78 billion, marking a 19% year-over-year increase.
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