Tesla is gearing up for a challenging 2023, after cutting prices to spur demand.
The electric car company, led by billionaire Elon Musk, reported record revenue and profits in the three months to December, beating expectations.
Mr Musk acknowledged “questions” about how the firm will be affected by higher borrowing costs and a weaker economy.
But he said the price cuts are working to bring in buyers, with orders this month so far outpacing production.
“Price really matters,” he said. “We think demand will be good despite, probably, a contraction in the automotive market as a whole.”