Tesla CEO Elon Musk said that “your family’s life might depend on” having solar, despite that he’s part of a US government administration that has already made it harder to get solar, and seems poised to try to make it even harder.
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Calling itself “America’s newest zero-emission commercial truck brand,” ZM Trucks has announced a new, 210,000 square foot facility in Fontana, California that will also serve as the company’s new global headquarters.
Elon Musk finally admits that Tesla will have to replace its HW3 self-driving computers. He said it would be difficult, but Tesla would do it.
However, no concrete plan has been
Tesla will “go ballistic” next year on the back of its autonomy efforts says Tesla CEO Elon Musk, who said the same thing last year about this year – and many years before.
Despite its small size, Hyundai expects big things from its new low-cost electric SUV. Starting at around $25,000, the Inster EV will be Hyundai’s main growth driver, as it plans to double electric car sales in Europe this year. Hyundai will also launch its first three-row electric SUV, the IONIQ 9.
Elon Musk said today that Tesla will launch “unsupervised full self-driving in Austin as a paid service” in June.
It’s a similar claim that he previously made with a few more details.
With the release of its financial results today, Tesla is guiding a return to growth in 2025 thanks to new models and self-driving.
Where did we hear that before?
Tesla (TSLA) released its financial results and shareholders letter for the fourth quarter (Q4) and full-year 2024 after market close today.
We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.
As we reported in our Tesla Q3 2024 earnings preview yesterday, the Wall Street consensus for this quarter was $27.224 billion in revenue and earnings of $0.77 per share.
Now, did Tesla meet, beat, or miss the expectations?
Just after the market close today, Tesla released its financial results and confirmed that it did miss expectations with earnings of $0.73 per share (non-GAAP) and it missed on revenue expectations with $25,707 billion during the last quarter.
That’s significantly below expectations and triggered a 5% drop in Tesla’s share price after the results were released.
Tesla’s gross profits were down 6% year-over-year in Q4. That’s despite selling more regulatory credits.
For the full-year 2024, Tesla’s earnings per share is down 22% despite many seeing Tesla as a “growth stock”:
The silver lining is that while growth has gone away, Tesla remains profitable and has grown its cash stack to $36.6 billion.
We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):
Here’s Tesla’s Q4 2024 shareholder presentation in full:
Here’s Tesla’s conference call for the Q4 2024 results:
The upcoming flagship Genesis GV90 is set to shake up the ultra-luxury market. Ahead of its official debut, we are finally getting a look at the larger electric SUV. The Genesis GV90 was spotted in South Korea for the first time, revealing its “massive” size. Check it out below.