Tesla's fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.
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.
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.
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's Q4 energy generation and storage revenue of $3.06 billion rocketed 112.9% from a year ago. But that still wasn't enough to please Wall Street, as the FactSet consensus called for a 128.1% surge to $3.
Tesla trailed sales estimates in its last report while beating big on earnings per share. Here are the key estimates to watch as the company prepares to post its fourth-quarter report: Analysts tracked by FactSet are looking for $27.
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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.
Tesla misses fourth-quarter earnings and revenue estimates but pledges a return to growth in 2025. Investors should tap the opportune moment with these ETFs.
The EV giant missed Q4 earnings and sales views late Wednesday. But Tesla stock rose as robotaxi hopes. Elon Musk is on the earnings call.
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit