Tesla reported fourth-quarter revenue of $25.17 billion, missing estimates of $25.87 billion, while revenue rose 3% year-over-year. Adjusted EPS was $0.71 versus an estimate of $0.73. For 2024, Tesla warned its vehicle production growth rate "may be notably lower than the growth rate achieved in 2023" as it works on launching new vehicles at Gigafactory Texas. Elon Musk confirmed Tesla's next-gen vehicle platform is on track for production in the second half of 2025, aiming to "revolutionize" vehicle manufacturing.
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00:00 It's Benzinga and here's what's on the block. Tesla reported fourth-quarter revenue of $25.17
00:05 billion, missing estimates of $25.87 billion, while revenue rose 3% year-over-year. Adjusted
00:11 EPS was 0.71 versus an estimate of 0.73. For 2024, Tesla warned its vehicle production growth
00:17 rate may be notably lower than the growth rate achieved in 2023 as it works on launching new
00:22 vehicles at Gigafactory Texas. Elon Musk confirmed Tesla's next-gen vehicle platform is on track for
00:27 production in the second half of 2025, aiming to revolutionize vehicle manufacturing. Tesla shares
00:33 dropped almost 8% in pre-market trading on the earnings miss and downbeat 2023 production
00:38 forecast. For all things money, visit Benzinga.com.