There's no denying Tesla (TSLA 2.87%) is accomplishing extraordinary things and will likely continue doing so for years to come. The Elon Musk-led company is building fully electric cars for the masses, growing a massive energy storage business, and developing bleeding-edge technology, all while amassing a war chest of cash that will likely help further fortify its competitive position.
EV maker Tesla (TSLA) fell short of fourth quarter estimates for revenue and adjusted earnings per share (EPS), posting revenue of $25.71 billion (below expectations for $27.21 billion) and earnings of $0.73 (below expectations for $0.75). The company's automotive revenue fell 8% year-over-year, mainly due to price cuts across its vehicle lineup.
The company plans to use its Model Y and Model 3 cars until its Cybercab launches in 2027.
Tesla (TSLA), Microsoft (MSFT), and Meta Platforms (META) reported earnings after Wednesday's closing bell, as investors weigh which Big Tech giant is best positioned for artificial intelligence (AI) gains. Procyon senior private wealth advisor Jerry Sneed sits down with Brad Smith to outline his thoughts on Tesla, Microsoft, and Meta's AI prospects.
Tesla free cash flow beat counters soft 2025 guidance, analysts believe Tesla Inc (NASDAQ:TSLA) shares moved higher as delivered a free cash flow beat and reaffirmed key upcoming milestones despite its fourth quarter sales and profits falling short of expectations. Shares of Tesla added 4.4% at $406 on Thursday afternoon.
Shares of Tesla (TSLA 4.28%) were moving higher today, overcoming a weak earnings report after CEO Elon Musk spent much of the earnings call pumping up the stock and making big promises about autonomy.
Tesla, Inc. reported Q4 2024 results on Wednesday after the bell, and the company missed on top and bottom lines. I can't say I was surprised when TSLA stock jumped over 6% in pre-market trading on Thursday and another 5.6% after the market opened on the Musk Magic. I think the company is doing well in targeting its AI investments and raising investor confidence in its future trajectory, but I remain wary of the tariff impact on profitability.
Whether it's EV sales, free cash flow or cybertruck's past safety issues, Corry Johnson says there's a lot of roadblocks in Tesla's (TSLA) outlook. "It's become very personal for me" when Tesla makes promises it doesn't deliver, according to Cory, which he fears can continue in 2025.
CNBC's Deirdre Bosa joins 'The Exchange' to discuss Tesla's robotaxi plans.
Elon Musk announced plans for Tesla to launch a paid robotaxi service in Austin this summer. Musk said expanding the service to allow Tesla owners to rent out their own vehicles is expected next year.
Tesla's earnings report and conference call Wednesday shed light on the electric vehicle maker's plans for new versions of its self-driving software and its humanoid robot, Optimus.
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.