Tesla (TSLA) stock gained 4.1% in yesterday’s after-hours trading session fueled by CEO Elon Musk’s comments that the vehicle business would

Tesla Inc. fleshed out plans to launch a robotaxi business Elon Musk is counting on to help usher in next phase of growth, after the company posted quarterly earnings that missed estimates.

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. Tesla said it was on it was on track to roll out new,

The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Tesla said it sold 1.79 million vehicles in 2024, the first drop in more than a dozen years despite offers of 0% financing, free charging and low-priced leases

Tesla posted a rare earnings miss for the last quarter of 2024, coupled with disappointing results amid weak sales and revenue leading to thinning profit margins.