Reported about 12 hours ago
Tesla shares climbed 3% on Thursday after CEO Elon Musk announced plans to introduce affordable electric vehicles and begin testing an autonomous ride-hailing service in June 2025. This optimism helped investors overlook a disappointing fourth quarter marked by declining margins and missed revenue targets. While Tesla anticipated returning to growth in its vehicle business, analysts expressed concerns about delivery declines and regulatory challenges affecting its future growth.
Source: YAHOO