Tesla Q4 results miss expectations, electric car wave is over?
Tesla shares fell after reporting fourth-quarter earnings that failed to meet analysts' expectations。
Tesla shares fell after reporting fourth-quarter earnings that failed to meet analysts "expectations。The Company reported adjusted earnings per share (EPS) of 0.$71, below market expectations of 0.73 美元。Revenue growth of 3% in the fourth quarter also fell short of expectations, with auto revenue up only 1% from the previous year。Tesla's stock fell about 6 percent in after-hours trading amid weaker-than-expected earnings and the company's warning of slower growth in 2024.。
Tesla's full-year auto revenue reaches 824.$200 million, up 15% from 2022, and energy sector revenue rose 54% to 60%..$400 million。However, Tesla's operating income fell to $2.1 billion in the fourth quarter on an annual basis.。The company also warned that vehicle sales growth in 2024 "could be significantly lower" than the previous year's growth rate.。
Tesla's fourth-quarter gross margin reported at 17.6%, lower than the estimated 18.1%, compared with 17% in the previous quarter.9% down.。The company's profitability has been pressured by a number of factors, including price cuts in China, production suspensions in Berlin, and other challenges.。
Despite the disappointing results, Tesla highlighted some positive developments, such as the launch of a second-generation humanoid robot and the release of full-self driving (FSD) beta version 12.。Tesla CEO Musk also mentioned delivering about 250,000 Cybertrucks a year, though he did not provide a specific timetable.。
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