Witness André Thierig, the visionary plant manager overseeing the meticulous final inspection of the groundbreaking production line at the Tesla Gigafactory Berlin-Brandenburg, where the revolutionary Tesla Model Y electric vehicles are born.
Riveting image captured by Patrick Pleul | Picture Alliance | Getty Images
Excitement and anticipation swept through the market as Tesla’s latest financial report for the fourth quarter revealed unexpected figures, causing a 4% dip in Tesla’s shares during post-market trading on Wednesday. Analysts were left astounded by the company’s performance compared to projections from LSEG:
- Surprise Earnings per share: 73 cents, adjusted, deviating from the anticipated 76 cents
- Revenue Revelation: $25.71 billion vs the expected $27.26 billion
Following a recent surge in Tesla’s stock price linked to the presidential election, the company’s CEO, Elon Musk, a prominent supporter of President Donald Trump, continues to shape policy through his role on the president’s new government efficiency advisory board.
Since Trump’s victory in November, Tesla’s stock has soared as investors speculate on Musk’s potential influence leading to more favorable policies and decreased scrutiny over his ventures.
The operating margin for the quarter landed at 6.2%, a slight reduction from the previous year’s 8.2% and the previous quarter’s 10.8%.
Early in January, Tesla disclosed delivering 495,570 vehicles in the fourth quarter, totaling approximately 1.8 million for the year, marking the company’s first annual drop. While not explicitly defined in the company’s communications, deliveries serve as a close proxy for sales figures.
As 2024 commenced, Tesla unveiled enticing discounts on existing inventory and special offers for North American customers referred by existing Tesla owners. In China, Tesla slashed prices on the popular Model Y SUVs ahead of the launch of an enhanced version, the Model Y Juniper.
Stay tuned for updates as this story evolves.
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