Regarding Tesla, one of the leading electric vehicle companies globally, there’s always a keen interest in its progress within tech. However, the Q4 2024 financial results fell short of investor anticipations. The company released their recent earnings report, which showed lower-than-projected revenue and earnings per share (EPS) compared to analyst predictions.
This week, Tesla (TSLA) published its earnings report on its investor relations website. The quarterly revenue they reported was $25.7 billion, which fell short of the $27.3 billion that analysts had anticipated on Wall Street. Additionally, their Earnings Per Share (EPS) failed to meet expectations, with a reported $0.73 per share compared to the forecasted $0.76 per share.
In simple terms, from the second quarter of 2023 onwards, Tesla’s earnings per share (EPS) fell short of analyst predictions, which continued until the third quarter of 2024. Despite this, Tesla’s revenue growth in Q4 2024 was modest at just a 2% increase compared to the previous year, representing one of the company’s slowest year-over-year (YoY) growth rates in recent history. Surprisingly, despite these financial shortcomings, Tesla’s stock price remained robust, experiencing only a minor dip before rebounding in after-hours trading.
Following Tesla’s missed expectations for both EPS (Earnings Per Share) and revenue during Q4 of 2024, it will be intriguing to observe any potential adjustments the company might make in future quarters. Keep an eye on our earnings report coverage for additional insights and developments.
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2025-01-30 00:57