Tesla set to report fourth-quarter earnings after the bell | Tesla Profit Slumps, but Investors M…


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Tesla set to report fourth-quarter earnings after the bell

Tesla reported better-than-expected fourth-quarter results after the bell on Wednesday, but revenue for the year dropped 3%, the first time on record the company has recorded an annual decline. The stock rose 3% in extended trading.

Here's how the company did, compared with estimates from analysts polled by LSEG:

Auto sales have been sluggish in recent quarters for Tesla, as the company faces an onslaught of competition in various parts of the world, most notably from BYD in China.

Revenue in the fourth quarter slid 3% from $25.7 billion a year earlier, with the auto segment falling 11%. Full-year revenue fell to $94.8 billion from $97.7 billion in 2024, the company said in an earnings release.

Tesla Earnings Fall 17%. Investors Await Elon Musk Big Call. (Live Coverage)

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Tesla (TSLA) reported better-than-expected fourth-quarter earnings and revenue, with profit falling just 17% vs. a year ago, after the stock market close Wednesday. Now, all the attention is on CEO Elon Musk and what he chooses to disclose during the conference call. The EV giant reported Wednesday that Q4 earnings fell 17% to 50 cents per share while revenue totaled…

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