Tesla logs record profit in fourth quarter, warns of uncertainties

Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker.

Tesla, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 per share.

That beat estimates of $1.13 that had been reduced by analysts, according to FactSet.

The company’s profit was 59 per cent more than the same period a year ago.

Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected.

But the company’s automotive gross