Last week, Tesla (TSLA) finally released their financial results and shareholders letter for the fourth quarter of 2021. Wall Street’s consensus for this quarter was $17.112 billion in revenue with earnings being $2.30 per share. These expectations were based on the fact that Tesla delivered over 300,000 vehicles that quarter.

The official results from Tesla confirm that it has beat all of those expectations. You can view both the shareholder’s letter and presentation below. They reported $17.7 billion in revenue with earnings of $2.54 per share (Non-GAAP).

In the quarter, Tesla also made over $2 billion in profits, which means the 2021 total is over $5.5 billion. Tesla generated an incredible 30.6% in gross margin on their vehicles in Q4. This goes down to 29.2% when excluding regulatory credits, but is still an impressive number in comparison to the rest of the industry.

Their cash position has also increased this quarter:

“Quarter-end cash and cash equivalents increased sequentially by $1.5B to $17.6B in Q4, driven mainly by free cash flow of $2.8B, partially offset by net debt and finance lease repayments of $1.5B. Our total debt excluding vehicle and energy product financing has fallen to just $1.4B at the end of 2021.”

Tesla’s Q4 2021 shareholder letter and presentation:

Tesla’s Q4 2021 earnings conference call stream: