Tesla's recent earnings report revealed a tempered financial performance for Q4 2024, missing Wall Street expectations. Despite this, the stock rose following announcements of future plans, notably CEO Elon Musk's revelation of unsupervised Full Self-Driving rides in Austin set for June 2025. Also highlighted were plans for affordable models aiming to boost delivery growth in 2025. However, analysts from Truist Securities expressed concerns about a lack of detailed information during the call, hinting at overly optimistic tones without substantial data to back projections.
Stein said there was "not enough ground-truth" during the call and too much of a focus on "cheerleading" the company's potential releases this year.
Elon Musk stunned listeners last night by revealing plans to launch unsupervised Full Self-Driving as a service in Austin in June 2025.
Tesla's overall delivery figures were flat in 2024 compared to 2023, highlighting the importance of new affordable model launches expected this year.
Despite Tesla's weak financials, expectations surrounding the launch of unsupervised FSD rides in Austin have generated investor excitement.
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