The chip maker—which counts Apple, Samsung Electronics and Tesla among its customers—expects lower sales, as demand for legacy semiconductors remains subdued.
Tesla shares opened up 3.6% in Frankfurt trading on Thursday, even as quarterly results at the U.S. electric vehicle maker fell short of Wall Street expectations.
During the fourth quarter of 2024, Tesla said it earned $2.3 billion in net income on $25.7 billion in revenue. That represents a 1.9 percent increase year over year compared to $25.2 billion in revenue in Q4 2023 and a 70 percent decrease in net income. (The company’s net income in Q4 2023 includes a one-time non-cash tax benefit of $5.9 billion.)
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.
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.
Soon you'll be able to go hands off the wheel, eyes off the road while chatting with your Rivian. A look at how the EV maker plans to rival Tesla with AI and autonomy.
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.
Tesla is expected to report earnings after Wednesday's close and here is a closer look at what Wall Street expects.
Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
The Magnificent Seven kicked off earnings season on Wednesday with Tesla, Microsoft, and Meta Platforms. The results were mixed, as Tesla and Microsoft fell short of market expectations in the growth of their core businesses, while Meta Platforms exceeded ...