Tesla Plunges 9% After Warning of Slower Growth, Fourth Quarter Results Miss

Moomoo 24/7 ·  Jan 25 09:58

Luzi Ann Santos | moomoo News

$Tesla (TSLA.US)$ shares tumbled 9% Thursday morning after the company warned that volume growth in 2024 "may be notably lower" than in 2023 as its team work on the launch of next-generation vehicle at its gigafactory in Texas.

The electric vehicle maker also reported fourth quarter adjusted earnings per share of 71 cents a share, below the average estimate of 73 cents forecast by analysts surveyed by Bloomberg. Even revenue missed, coming at $25.17 billion, compared with consensus of $25.87 billion.

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