Earnings Results: Tesla posts record quarterly profit amid challenges, offers sunny outlook

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Tesla Inc. late Wednesday reported mixed quarterly results, with revenue slightly below Wall Street expectations, but injected some optimism in its production outlook for 2023 and promised to rein in costs faster.

Demand is not a problem, Chief Executive Elon Musk said in a call with analysts after results. “I want to put that concern to rest,” he said, adding that January orders are stronger than ever, and demand far outstrips Tesla’s rate of production.

“We…

This article was originally published by Marketwatch.com. Read the original article here.

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