Tesla plans to roll out affordable EVs in 2025 and launch a robotaxi service, despite a dip in fourth-quarter earnings.
Tesla's fourth-quarter earnings missed Wall Street's estimates, but the stock rose on 2025 guidance and plans for robotaxi rides to begin in June.
Tesla shares rose about 3% before the bell on Thursday as plans to roll out cheaper electric vehicles and paid autonomous car services by the automaker that missed Wall expectations for fourth quarter lifted investor sentiment.
Tesla has made billions off electric cars its rivals aren't selling, but President Donald Trump's anti-EV policies put that revenue stream at risk.
Tesla reported mixed earnings, reflecting pressures from unmet expectations against advancements in energy and technology sectors.
Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
To meet its sales goals, Tesla will probably need a new model and significant advancements in autonomous driving.
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts. The electric vehicle company
Meta and Tesla rally after-hours, while Microsoft slides. Stock futures edge higher—will the gains hold? Full market analysis inside.
Microsoft spent $22.6bn on capital expenditure in the second quarter of the year, as mammoth spending on artificial intelligence persists. The Seattle-based group said in a blog post earlier this month that this fiscal year it would spend an estimated $80bn to build out the data centre infrastructure necessary to train AI models and deploy applications,
LinkedIn founder Reid Hoffman has been immersed in Silicon Valley since his August 1967 birth in Palo Alto, California, in the shadow of Stanford University, where he and fellow technology luminary Peter Thiel became friends as college students during the 1980s.