Tesla fourth-quarter results miss estimates as automotive revenue drops 8%
Publishing timestamp: 2025-01-29 17:00:01
Summary
Tesla reported disappointing earnings and revenue for the fourth quarter, missing analysts' estimates. The company's stock initially fell in after-hours trading before rebounding. Tesla's automotive revenue fell 8% from the previous year, with operating income declining 23%. CEO Elon Musk's influence on the stock price, plans for autonomous vehicles, and energy business performance were also discussed in the article.
Sentiment: MIXED
Keywords: earnings, breaking news: earnings, business news, venture capital, breaking news: technology, autos, alphabet inc, climate, elon musk, donald j. trump, technology, tesla inc,
Source: https://www.cnbc.com/2025/01/29/tesla-tsla-2024-q4-earnings.html