Tesla Q4 earnings miss the mark as full-year adjusted net income drops 23%
Published On Jan 29, 2025, 4:38 PM
Tesla's Q4 earnings fell short of expectations, reporting revenue of $25.71 billion against the anticipated $27.21 billion. The company also posted an adjusted earnings per share of $0.73, missing the expected $0.75. For the full year, Tesla's revenues reached $77.07 billion, with net income dropping 23% year-over-year. Deliveries slightly increased compared to the previous quarter but dipped overall for 2024 compared to 2023, indicating potential market challenges. Looking ahead, Tesla maintains plans for new vehicle models and improvements in vehicle autonomy, aiming for production growth in 2025. However, concerns remain over competition and regulatory effects on their self-driving and EV sales efforts.
Stock Forecasts
TSLA
Negative
Tesla's ongoing challenges with production capacities, competition, and missed earnings expectations may lead to negative sentiment among investors. The reduced net income and missed delivery targets signal potential headwinds for future growth. Additionally, economic conditions and regulatory changes under the new administration could further complicate Tesla's market standing. Overall, this may lead to bearish pressure on TSLA's stock in the near term.
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