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Tesla Inc. Q4 Profit Increases, beats estimates

Tesla Inc. (TSLA) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $3.69 billion, or $1.07 per share. This compares with $2.32 billion, or $0.68 per share, in last year's fourth quarter.

Excluding items, Tesla Inc. reported adjusted earnings of $4.14 billion or $1.19 per share for the period.

Analysts on average had expected the company to earn $1.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 37.2% to $24.32 billion from $17.72 billion last year.

Tesla Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $3.69 Bln. vs. $2.32 Bln. last year.
-EPS (Q4): $1.07 vs. $0.68 last year.
-Analyst Estimate: $1.13
-Revenue (Q4): $24.32 Bln vs. $17.72 Bln last year.

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