Tesla Inc.’s quarterly results this week drove home the lesson that profit and sales numbers don’t seem to matter much for this stock anymore. Instead, it’s Elon Musk’s narrative that’s wooing investors at the moment.
It seems to be working. Elon Musk wants to rebrand Tesla as an AI company. It seems to be working. Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation,
Elon Musk promised Tesla’s car sales would jump 20% this year at a minimum, but his own company doesn’t even seem to believe that.
Elon Musk said Austin residents will be able to pay for a fully autonomous Tesla robotaxi ride in June, with an expansion to more US cities planned.
Officers tried to get into the vehicle to save the driver, but, 'due to the intensity of the flames and heat, they were unable to rescue the occupant,' the department said.
According to Tesla's quarterly report, the company made $2.3 billion in net income in Q4 2024. Net income is the amount the company actually made after subtracting its expenses from its revenue total. That's a whopping 70 percent decrease in net income compared to Q4 2023.
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.
The news comes from CEO Elon Musk, who finally admitted it during Wednesday's Tesla earnings call (via Electrek ). "The truth is that we will need to replace all HW3 computers in vehicles where FSD was purchased," said Musk after Tesla's head of FSD, Ashok Elluswamy, said the company is "not giving up on it."
Tesla is expected to report earnings after Wednesday's close and here is a closer look at what Wall Street expects.
Everyone from EV fanatics to AI pundits and all the analysts in between are eagerly awaiting Tesla’s fourth-quarter and full-year 2024 earnings report. And here is how to find the webcast, which is scheduled to kick off at 5:30 p.