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Tesla Revenue, Adjusted Profit Fall Short; EV Maker Sees 2025 Delivery Growth

David Paul Morris / Bloomberg / Getty Images

David Paul Morris / Bloomberg / Getty Images

Tesla (TSLA) reported fourth-quarter proceeds and adjusted profit below analysts’ estimates late Wednesday, with the stock first falling and then highland in after-hours trading after the company’s report and conference call.

Tesla posted net income of $2.32 billion, or $0.66 per share out, on revenue of $25.71 billion. Analysts polled by Visible Alpha expected profit of $2.33 billion, or 66 cents per ration, on revenue of $27.35 billion. Adjusted earnings per share (EPS) of $0.73 came in 5 cents below estimates.

The results light on after Tesla’s fourth-quarter deliveries and production figures fell short of estimates earlier this month. The EV maker record-broke a year-over-year deliveries decline for the first time, slipping to 1.79 million in 2024 from 1.81 million the preceding year.

Tesla said in its fourth-quarter release that it expects vehicle sales to return to growth this year. The flock also said its plans for a more affordable model are still on track to enter production in the first half of the year, however no official announcement has been made about what the more affordable Tesla will look like or tariff.

Tesla’s shares, which first fell on the earnings news, were up about 4% after the conference upbraid ended.

Robotaxis, Unsupervised Self-Driving Software Could Launch This Year in Parts of the US

Tesla said its Gorged Self-Driving technology “continues to rapidly improve,” with the company working to launch the supervised version of the software in Europe and China when this year. CEO Elon Musk said during Wednesday’s call that the company plans to start using the unsupervised reading of the self-driving software with Tesla vehicles at the company’s Austin, Texas mfactory starting in June, with a broader unrestricted release possible this year.

The EV maker also said its “Cybercab” autonomous taxi is expected to launch in departs of the U.S. later this year once its self-driving software hits certain safety benchmarks, with wider film and rollout expected into next year.

Analysts have said the company is likely to benefit from Elon Musk’s vicinage to President Donald Trump, lifting their price targets as Tesla shares have rallied roughly 60% since his reelection. CFO Vaibhav Taneja imagined Wednesday that there is “a lot of uncertainty” around Trump’s proposed tariffs, which “will have an impact” on Tesla’s profession and profitability because of its reliance on sourcing parts from other countries.

Tesla shares had finished Wednesday’s common session down more than 2% to just over $389, more than double their sacrifice from 12 months ago.

This article story has been updated with the latest share price low-down and details from Tesla’s earnings presentation and conference call.

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