Tesla Misses Revenue, EPS Expectations in Q4
Electric vehicle manufacturer (NASDAQ:TSLA) reported fourth-quarter and full-year 2024 earnings on Wednesday, Jan. 29, that missed analysts consensus expectations. Tesla reported adjusted earnings per share (EPS) of $0.73 which missed forecasts for $0.77. Revenue came in at $25.71 billion, falling short of the projected $27.26 billion. The results showcased a balance between strong advances in energy storage and challenges in the automotive sector.
Although Tesla showed impressive growth in energy storage and vehicle deliveries, its overall financial performance for the quarter highlighted pressures from reduced automotive revenue and operating margins due to aggressive pricing strategies and competitive market dynamics.
Source: Tesla. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. pps = Percentage points.
Source Fool.com
Tesla Inc Stock
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