Reported about 7 hours ago
Tesla's fourth quarter results fell short of projections with revenue at $25.71 billion and earnings per share at $0.73, both below estimates. The company's automotive revenue decreased by 8% year-over-year, primarily due to price reductions, leading to cautious sentiment among investors about Tesla's short-term outlook. The failure to meet delivery guidance for 2024 and lack of commitment to 2025 growth targets left many analysts feeling underwhelmed.
Source: YAHOO