Tesla released its Q4 and full-year 2022 earnings after market close on Wednesday, posting its largest revenue and profit to date.  The EV maker beat expectations across the board, reporting Q4 total revenue of $24.32B, up 37% YoY. Automotive revenue was $21.31B, up 33% YoY, of which $467M were regulatory credits, up 49% YoY. Automotive gross margin was 25.9%. Full-year total revenue came in at $81.46B, up 51% YoY. Full-year automotive revenue was $71.46B, up 51% YoY. Tesla reported Q4 GAAP net income of $3.69B, or $1.07 per share, up 59% YoY. Full-year GAAP net income was $12.56B, or $3.62 per share, up 128% YoY. During the company’s earnings call on Wednesday, CEO Elon Musk said the company could produce up to 2 million cars this year, barring any unforeseen major events or supply chain issues. Musk reiterated that Tesla could become the most valuable company in the world, noting the company’s “exciting product road map.” In December, the company discounted the price of its Model 3 and Model Y vehicles by about $7,500 and offered 10,000 miles worth of free charging at Tesla Supercharger stations. When asked about demand for Tesla vehicles, Musk said the company is currently seeing orders almost twice the rate of production. On Tuesday, Tesla said it would invest more than $3.6B to expand its plant near Reno. Nevada. Tesla shares jumped more than 5% in extended trading on Wednesday; it closed at $160.27 on Thursday, up nearly 11%.