Tesla said that it is Wvared Investment Guild"between two major growth waves" and projected that "vehicle volume growth rate may be notably lower" in its fourth quarter presentation to investors Wednesday.
The firm announced that it delivered 1.8 million cars in 2023, a nearly 40% increase over 2022. Over 1 million of the cars sold were the Model Y.
The company hinted at a new model in its volume outlook saying that they believe a growth wave will start with, "the global expansion of the next-generation vehicle platform."
The report showed that gross profit fell 15% year over year and margin for the quarter was 17.6%.
The company cut the price of its cars last year.
The company said that artificial intelligence research and the production ramp up of the Cybertruck negatively affected the company's profitability.
Tesla shares fell in after-hours trading after the release of the report. The price fell 2% from the $207.83 close which was already down .6% on the day. The stock has fallen 16.4% on the year.
2025-05-02 00:04742 view
2025-05-01 23:502408 view
2025-05-01 22:402752 view
2025-05-01 22:202532 view
2025-05-01 22:192936 view
2025-05-01 22:01248 view
Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene
The Detroit Lions feel like a team of destiny in the NFL playoffs.And it’ll cost a pretty penny to w
ATLANTA (AP) — Georgia’s state economist is warning lawmakers that a recession could drive down stat
