Tesla is expected to hold its Q4 earnings call later today at 5:30 p.m. ET (2:30 p.m. PT), but the company has gone ahead and released its report. Even though revenue fell 3% year-over-year to $24.7 billion, it exceeded Wall Street expectations with GAAP gross margin improved significantly to 20.1%, up from 16.3% a year ago.
This comes is good news considering how the dwindling demand for EVs in the last year. For Tesla, this comes after Tesla's announcement last week that it’s no longer going to be offering its AutoPilot feature with new vehicles sold in the U.S. and Canada — choosing instead to put one key aspect of this feature behind a subscription paywall.
