Tesla fourth-quarter results miss estimates as automotive revenue drops 8%

Category: Business

Tesla's fourth-quarter earnings report revealed a 2% revenue increase to $25.17 billion, but automotive revenue fell 8% to $19.8 billion. Net income dropped 71% to $2.32 billion. The company is focusing on affordability and plans to launch unsupervised Full Self-Driving services. Despite challenges, Tesla's energy business saw a 113% revenue increase to $3.06 billion.

Keywords: Tesla, earnings report, autonomous vehicles

Source: CNBC

Update At: 1/30/2025

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