In the ever-evolving world of electric vehicles, one name stands out above the rest: Tesla. The past year proved to be a rollercoaster ride for the EV pioneer, filled with triumphs and challenges. While facing stiffer competition from established automakers like Ford and GM, Tesla continued to break its own production and delivery records, with a whopping 1.31 million vehicles delivered in 2022 alone, which is a 40% growth year over year. However, the final quarter of the year saw some hiccups, with delivery numbers falling short of expectations and analysts expressing concern over weakening demand. Despite these challenges, Tesla managed to beat earnings expectations and increase its cash position by over $1 billion. So, what’s next for this electric giant? Let’s dive in and find out.

FY2022 Earnings

As we can see from Tesla’s FY2022 earnings above, Tesla had a remarkable year despite the ongoing economic instability marked by surging inflation and interest rates. Tesla’s automotive revenues soared by 33%,…