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International Business Times

Business

John BIERS

Tesla Sees Slower 2024 Volume Growth As Earnings Miss Estimates

Tesla Inc. Elon Musk electric vehicle JPMorgan United States

Newly manufactured Tesla Cybertrucks at the company's Giga Texas factory in December 2023 weeks after it commenced deliveries of the futuristic vehicle (Credit: AFP)

Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk's electric vehicle giant warned of slower volume growth in 2024.

Shares of Tesla fell after the company's earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering outlook for 2024 auto volumes.

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EU denies US pressure behind withdrawal from disinformation conference

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Top stories on inkl right now

‘Abolish ICE’: Mamdani, AOC and other Democrats urge action after New York shooting

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

EU denies US pressure behind withdrawal from disinformation conference

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