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Tesla stock is trading slightly higher in after hours following the EV maker reporting a Q4 earnings revenue and profit beat. In addition, the most significant news for Tesla's 2023 roadmap is the upcoming Cybertruck is on track for production later this year.For the quarter, Tesla (TSLA) reported:Q4 Revenue: $24.32 billion vs. $24.07 billion (Est.)Q4 Adjusted EPS: $1.19 vs $1.12 (Est.)That revenue represents another record high for Tesla, up over $2 billion sequentially from Q3 and nearly $7 billion from a year ago.On the profitability end, Tesla is reporting adjusted net income of $4.1 billion, nearly $400 million more than Q3 and over $1.3 billion more than a year ago. Tesla said it has "sufficient liquidity" to fund its product roadmap and capacity expansion plans.

Gross margin came in at 23.8% (25.4% Est.), with automotive gross margin hitting 25.9% (28.4% Est.). While Tesla instituted a number of price cuts in the U.S., China (for the second time), and some European markets, those cuts did not happen until Q1 of this year, so those effects aren't seen in Q4 results.CEO Elon Musk addressed demand concerns from investors on the call, stating recent price cuts of boosted demand considerably. "Thus far in January we have seen the strongest orders year to date ever in our history," Musk said.Tesla said it can maintain margins despite falling ASPs (average selling price) as it has proven over the years, through the use of "lower cost models, buildout of localized, more efficient factories, vehicle cost reduction and operating leverage." CFO Zack Kirkhorn said on the call that Tesla expects to maintain 20% automotive gross margins despite recent price cuts, which would actually be considerably less than what Tesla reported in Q4.

Tesla kept its long-term delivery target of 50% CAGR (compound annual growth rate) despite deliveries missing the mark in recent quarters. "For 2023, we expect to remain ahead of the long-term 50% CAGR with around 1.8M cars for the year," the company said in its quarterly update.Story continuesTesla said its production and delivery challenges in 2022 were "largely concentrated in China," but has been largely "running near full capacity for several months." Tesla does not expect meaningful volume increases from Giga Shanghai in the near term.Tesla also revealed that the Cybertruck is on track to begin production later this year, and that its next-gen platform is under development, with more details coming at its investor day on March 1. As for Cybertruck, Musk noted "Cybertruck will not be a significant contributor to the bottom line, but it will be next year." Musk clarified that Cybertruck production would begin this summer, but volume production would be coming in 2024.

Tesla (NASDAQ:TSLA) poked out a gain in after-hours trading after topping EPS estimates and issuing production guidance for 2023 of around 1.8M vehicles.

The electric vehicle powerhouse reported it produced 439,701 vehicles overall in Q4 and delivered 405,278 vehicles. For the full year, Tesla produced 1,369,611 vehicles (+47% year-over-year) and delivered 1,313,851 vehicles (+40% Y/Y). Operating margin came in at 16.0% of sales to fall from last quarter's mark of 17.2%. Higher raw material costs and a negative FX impact were not fully offset by higher pricing early in the quarter and leverage from deliveries growth. Automotive gross margin excluding regulatory credits was 28.5% vs. 30.6% a year ago and 27.9% in the prior quarter. The margin mark missed the consensus expectation of analysts of 28.4%.

Looking ahead, hardware-related profits are expected to be accompanied with an acceleration of software-related profits. Tesla (TSLA) said the the Model Y line in Berlin produced over 3K vehicles a week near the end of the quarter. Shanghai was said to be running at near full capacity. Cybertruck remains on track to see production start later in the year from the Austin Gigafactory. The company plans to share details on its next generation vehicle at its Investor Day on March 1.

Tesla earnings preview: Wildcards include deliveries guidance, margin read-throughs and CEO succession hints

MULN Stock Holders Petition to Investigate Naked Short Selling The new petition asks Mullen and CEO David Michery to create a task force against market manipulation, similar to how Genius did. In the comments of the petition, shareholders are adamant that something sinister is going on. In particular, they reference dark pool trading and the ignorance of the U.S. Securities and Exchange Commission (SEC). According to Fintel, a total of 35.8 million shares of MULN stock failed to be delivered in December. The volume of shares that were unable to be delivered rose substantially during the end of the month.

According to Fintel, a total of 35.8 million shares of MULN stock failed to be delivered in December. The volume of shares that were unable to be delivered rose substantially during the end of the month.

The new petition asks Mullen and CEO David Michery to create a task force against market manipulation, similar to how Genius did. In the comments of the petition, shareholders are adamant that something sinister is going on. In particular, they reference dark pool trading and the ignorance of the U.S. Securities and Exchange Commission (SEC).