Tesla ( (TSLA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Tesla’s stock declined in after-hours trading due to disappointing fourth-quarter results for fiscal year 2024, with earnings per share and revenue missing analysts’ expectations. The earnings were reported at $0.73 per share, short of the expected $0.76, and revenue was $25.7 billion, below the forecasted $27.3 billion. Despite these misses, there was an increase in vehicle deliveries, regulatory credits, and growth in the Energy/Storage business, although average selling prices for ‘S3XY’ models fell. Tesla’s free cash flow also saw a decline from the previous year. Looking ahead, the company is optimistic about 2025, with plans for advancements in vehicle autonomy and new product launches. Analysts have adjusted their price targets to reflect these future prospects and the influence of external factors like policy changes and competition.
More about Tesla
YTD Price Performance: 4.96%
Average Trading Volume: 89,618,252
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1277.9B
For further insights into TSLA stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.