Tesla stock rises after company pledges return to growth after Q4 results disappoint
Published On Jan 29, 2025, 6:58 PM
Tesla's stock surged 4% after the company announced its plan to return to growth in 2025, despite disappointing fourth quarter results where revenue increased just 1% and profits fell sharply. Tesla reported $25.7 billion in Q4 revenue, missing expectations, with adjusted earnings per share below forecasts. The company anticipates challenges due to competition and expects vehicle production to improve with new models and advancements in technology, while its energy sector continues to grow favorably.
Stock Forecasts
TSLA
Positive
Despite recent disappointing results, Tesla's commitment to returning to growth and its innovative plans might encourage investor confidence. The upcoming vehicle models and technological enhancements could potentially stabilize sales and improve profitability in the near term.
Related News
Stock futures are little changed after Meta Platforms, Tesla report earnings: Live updates
Jan 29, 2025, 6:05 PM
All three major averages slid in Wednesday's regular trading session.
Tesla Q4 earnings miss the mark as full-year adjusted net income drops 23%
Jan 29, 2025, 4:38 PM
Tesla's fourth quarter earnings missed expectations as investors looked for a new catalyst to jump-start the stock.
Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged
Jan 29, 2025, 5:01 PM
Caution prevails as the Fed keeps interest rates unchanged and Nvidia sinks again, weighing on tech stocks.