Tesla reported disappointing financial results for Q4 2024, including an 8% decline in revenue and a staggering 71% drop in profit compared to Q4 2023. This decline was exacerbated by a fall in automotive revenue despite a remarkable surge in energy generation and storage revenue. However, CEO Elon Musk's optimistic forecasts about fully autonomous Tesla robotaxis in various US regions by year-end have temporarily lifted stock prices, reflecting the market's reaction to his ambitious promises rather than the company's current financial struggles.
Even he knows it.
Musk said on a conference call with financial analysts.
But I'm telling you, there's a damn wolf this time and you can drive it.
Tesla shares popped in after-market trading following Tesla's earnings call before falling.
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