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International Business Times

Business

Tesla Results Miss Estimates, Citing Lower Vehicle Prices

Tesla Inc. Elon Musk Donald Trump

Tesla projected a return to volume growth in 2025 after production fell in 2024 (Credit: AFP)

Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025.

Elon Musk's electric car company reported fourth-quarter profits of $2.3 billion, down 71 percent from the year-ago quarter, where profits were boosted by a one-time tax benefit.

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