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Zorro

(16,888 posts)
Wed Jan 29, 2025, 05:38 PM Jan 29

Tesla Q4 earnings miss the mark as full-year adjusted net income drops 23%

Tesla (TSLA) reported fourth quarter earnings after the bell on Wednesday that missed expectations as investors looked for a new catalyst to jump-start the stock.

Tesla reported revenue of $25.71 billion vs. $27.21 billion expected (per Bloomberg estimates), up only 2% from a year ago. From a profitability standpoint, the company posted adjusted earnings per share of $0.73 vs. $0.75 expected, with operating income coming in at $1.58 billion, missing estimates of $2.68 billion.

Tesla said operating income was negatively impacted by costs associated with artificial intelligence and other R&D projects as well as lower average selling prices for its current vehicles. The company also said plans for new vehicles and their production would result in "less cost reduction" than it had previously anticipated.

For the year, Tesla reported revenue of $77.07 billion on adjusted full-year net income of $8.41 billion, down 23% from a year ago.

https://finance.yahoo.com/news/tesla-q4-earnings-miss-the-mark-as-full-year-adjusted-net-income-drops-23-210953394.html

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Tesla Q4 earnings miss the mark as full-year adjusted net income drops 23% (Original Post) Zorro Jan 29 OP
Oh tough tough ass about this. Klarkashton Jan 29 #1
Those are not good numbers. bucolic_frolic Jan 29 #2
The space cowboy trying to sell damaged goods. nt yaesu Jan 29 #3
I logged on to WeBull to see how badly TSLA was choking in after hours action... WarGamer Jan 29 #4
It's because some are hoping to buy low so they can sell high. W_HAMILTON Jan 29 #5

WarGamer

(16,415 posts)
4. I logged on to WeBull to see how badly TSLA was choking in after hours action...
Wed Jan 29, 2025, 05:49 PM
Jan 29

Actually up 4%... market likes the numbers from the solar and storage arm of the company.

W_HAMILTON

(8,730 posts)
5. It's because some are hoping to buy low so they can sell high.
Wed Jan 29, 2025, 05:55 PM
Jan 29

Kinda like they did with Trump NFT, Trump stock, Trump coin, etc.

LOL -- good luck with that!

As long as Musk continues to show his ass for the whole world to see and as long as he is associated with the company, it's best days will continue to be behind it.

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