Here's how Elon Musk's electric car and renewable energy business did versus analysts' expectations, according to estimates compiled by Refinitiv.

Earnings: $2.18 (ex-items) vs. 3 cents per share, expected.

Revenue: $6.04 billion vs. $5.37 billion, expected.

Net income: $104 million (GAAP)

Tesla also reported its first full year of profitability on a GAAP basis, which means it can now be considered for inclusion on the S&P 500 index.

On the earnings call Wednesday, Musk announced that Tesla will build its next factory near Austin, Texas. The company plans to dedicate its Fremont, California, car plant to the production of Model S and Model X vehicles for all markets, and for Model 3 and Model Y production for the Western half of North America. The Texas factory, Musk said, will be used for production of the company's Cybertruck, Semi, and Model 3 and Model Y vehicles for the Eastern half of North America.