Tesla Earnings: 5 Must-See Metrics Highlight Strong Execution
Following an incredible 2020 for Tesla (NASDAQ: TSLA) stock, expectations were high going into the company's fourth-quarter earnings report Wednesday afternoon. Investors in the growth stock were looking for another quarter of meaningful profits and signs that rapid sales growth can persist in 2021 and beyond.
The automaker arguably delivered. Free cash flow soared, management guided for vehicle deliveries to grow even faster in 2021 than they did in 2020, and the company unveiled an all-new Model S interior.
"This past year was transformative for Tesla," management said in the company's fourth-quarter update. "Despite unforeseen global challenges, we outpaced many trends seen elsewhere in the industry as we significantly increased volumes, profitability and cash generation."
Source Fool.com
