Shares of Tesla (NASDAQ:TSLA) were surging in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Earnings per share came in at $1.19, which beat analysts’ consensus estimate of $1.13 per share.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sales increased by 37.2% year-over-year, with revenue hitting $24.32 billion. This missed analysts’ expectations of $24.7 billion.
Overall, Wall Street has a consensus price target of $184.29 on Tesla stock, implying 27.6% upside potential, as indicated by the graphic above.