The Elon Musk-led company sold 1.79 million vehicles last year, it said Thursday, which was slightly less than what it delivered in 2023 and also below analysts' consensus estimate.
The results offer a sobering reminder of the real-world challenges for EV makers, even as hype around driverless cars and Musk's closeness with President-elect Donald Trump have sent Tesla's stock soaring in recent months. Lukewarm consumer demand is weighing on sales of electric cars, an issue that could be exacerbated by Trump's push to rein in EV incentives.
Tesla's shares sank after the results, falling 5.8% as of 10.49 a.m. New York. The stock rose 63% in 2024.
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66 Dead, 51 Hurt in Turkey Ski Resort Fire
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South Indian Bank posts ₹342-cr profit
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PLI release for 6 sectors at ₹1,596 cr in H1FY25
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Banks run Trump 'war rooms' as bosses prepare for trade ructions
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D2C snack brands make global forays
The Sweet Spot
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Govt seeks EC reply to JPC queries
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ICICI Prudential Life profit jumps 44%
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At ₹2.24 lakh crore, Rajasthan leads Q3 energy investments
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