The CEO has done a great job of energizing support from Tesla (TSLA -3.58%) loyalists.
On January 29, Tesla (NASDAQ: TSLA) released its Q4 and full-year 2024 earnings report. The report was a double miss — earnings per share (EPS) came in at $0.73, below consensus estimates of $0.76, while revenues of $25.71 billion underperformed analyst expectations of $27.26 billion.
Ford CEO Jim Farley made some comments on his company's fourth-quarter earnings conference call that might interest Tesla investors.
Tesla's sales plummeted 59% last month in Germany, adding to indications that Chief Executive Officer's Elon Musk political activities are hurting the carmaker's business in major electric vehicle markets. Oliver Crook reports.
LEMONT, IL — One person is dead after a car crashed near a stream in Lemont early Wednesday, the Will County Sheriff's Office said. A large emergency response was reported early Wednesday off of Archer Avenue, close to Interstate 355 in Lemont. Will County Sheriff's Office spokesperson Kathy Hoffmeyer told Patch the incident happened at 2:11 a.m. on Wednesday. Initially, Lemont Police and Cook County Sheriff's Office responded to single-vehicle crash of a Tesla Model 3, as well as Homer Fire Department. The fire department extricated the 34-year-old driver from the vehicle. The front seat passenger, a 36-year-old man, was pronounced deceased, according to the sheriff's office. The Will County Coroner's Office has identified him as Sameer Gowani, of Lisle. The driver was taken to the hospital in stable condition. The backseat passenger was ejected from the vehicle and airlifted to the hospital in critical condition, Hoffmeyer said. Hoffmeyer said the vehicle was heading eastbound on 135th Street at a high rate of speed, and lost control while maneuvering the curve west of Archer Avenue. "The vehicle crossed over the double yellow line into oncoming westbound traffic, struck the curb on the north side of the roadway," Hoffmeyer said. "The vehicle then went airborne, touching down in a grassy area near the entrance of the Target store. The vehicle then continued in a northeast direction, over a raised median, and struck another curb before going down the embankment." The car went over Long Run Creek, and came to a stop on the east side of the creek. Hoffmeyer said charges have not been filed for the driver but are being reviewed at this time.
It wasn't all too long ago that some forward-thinking investors expressed their view that Tesla (NASDAQ:TSLA) was as much of a tech company as it was an automobile maker.
Tesla's (TSLA -2.53%) profit margins are falling, and the trend will likely continue over the next few quarters.
Tesla's (TSLA -2.54%) ability to market its shares to investors is unmatched by any company.
Tesla sold almost 60% fewer cars in Germany in January than in the year-earlier period, as the U.S. electric vehicle maker faces a test of popularity amid headline-grabbing political involvement by its billionaire CEO Elon Musk.
The stock initially dropped in after-hours trading but managed to rebound as the market digested the report, with the stock buoyed by optimistic comments made by CEO Elon Musk.
Tesla sales have careened lower in Germany in January, as sales of the electric vehicle company headed by Elon Musk tumble across Europe.
Tesla (TSLA 2.22%) shares initially shrugged off a weak earnings report before the stock got caught in the trade-war sell-off. The electric vehicle (EV) maker had a tough year in 2024, although Chief Executive Officer Elon Musk continues to be very upbeat about the future.