Tesla (TSLA) shares rose despite fourth-quarter revenue and other metrics falling short of Wall Street expectations.
The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.
The electric-vehicle maker reports fourth-quarter earnings after the bell Wednesday. Here’s what investors will be watching: Tesla is expected to earn $0.66 a share, or $0.77 on a non-GAAP basis. Net income is expected to be $2.
Tesla reported mixed earnings, reflecting pressures from unmet expectations against advancements in energy and technology sectors.
Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings — a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
Wall Street banks expect Tesla’s vehicle sales to grow much more slowly this year than its boss Elon Musk has forecast, as US President Donald Trump seeks to dismantle Biden-era climate policies that favour electric vehicles.
Thursday's coverage included more tech earnings, focus on Trump's latest on potential tariffs and more analysis around Monday's DeepSeek Dive.
Tesla's 'full self-driving' tech is slated for this summer in Austin, Texas. The news helped raise the company's stock.
The chip maker is scheduled to report earnings and its full-year performance after the market close Thursday. Intel will report its Q4 earnings after the bell Thursday.
The ECB announcement will follow the Federal Reserve's decision to keep US borrowing costs on hold Wednesday as inflation.
Shares in Microsoft fell 5% in afterhours trading as the tech giant said its flagship cloud computing business experienced a slowdown in growth last quarter. The takeaways: The company’s overall revenue rose 12% to $69.