Tesla sees disappointing fourth-quarter earnings amid declining car deliveries
Despite disappointing sales and delivery figures, the company’s stock price has doubled in the past year
Tesla reported earnings for the fourth quarter of 2024 on Wednesday after US stock markets closed, capping a bruising year for the company’s sales but a stellar one for its stock price.
The car company reported $0.73 per share and $25.71bn in revenue, slightly below Wall Street analysts predictions of revenue coming in at $27.22bn. Profit also declined year-over-year.
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