By Yasin Ebrahim
Investing.com - Tesla (NASDAQ:TSLA) reported Wednesday fourth-quarter results that beat on both the top and bottom lines, though flagged supply-chain issues as the main drag on growth.
Tesla shares fell 4% in after-hours trading following the report.
Tesla announced earnings per share of $2.54 on revenue of $17.72 billion. Analysts polled by Investing.com anticipated EPS of $2.25 on revenue of $16.88 billion.
Regulatory credit revenue fell 22% to $314 million.
Earlier this month, Tesla reported fourth quarter deliveries of more than 308,650 vehicles, well above expectations for 263,422.
Automotive margins, a measure of profitability, marginally improved, rising to 30.6% in the fourth quarter from 30.5% in the third, and up 648 basis points from the same period a year earlier.
"In Q4, we saw a continuation of global supply chain, transportation, labor and other manufacturing challenges, limiting our ability to run our factories at full capacity."