Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital assets.
Tesla will launch an “unsupervised, no one in the car” robotaxi service in Austin, Texas, in June, Elon Musk said in an earnings call Wednesday. “We just want to put a toe in the water, make sure everything’s okay, put a few more toes in the water, with safety of the general public and those in the car as a top priority,” Musk said.
Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after market close Wednesday.
The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.
Tesla shares have become a vehicle for investors to wager on Musk himself, rather than the company. That has advantages, but also poses risks.
Tesla is expected to report earnings after Wednesday's close and here is a closer look at what Wall Street expects.
Tesla reports fourth-quarter earnings on Wednesday afternoon. Investors will be listening for the company's sales outlook and its plans for a cheaper EV.
The bigger news, though, is what Tesla has planned for 2025. In the first half of the year, it’s set to launch “more affordable” models. Precise details about these models haven’t been confirmed, although Tesla has been talking about them for quite some time.
Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is clouded by persistent inflation worries that are being exacerbated by the potential for looming tariffs.
Tesla CEO Elon Musk says the company will roll out a fleet of autonomous vehicles that will operate as taxis with no driver behind the wheel in Austin, Texas, in June. Hmmm, where have we heard that before?