Shares of EV maker Tesla (TSLA) are volatile in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year

As one of the foremost electric vehicle companies in the world, Tesla continues to be an important company to watch in tech, but its Q4 2024 didn’t bring as good of news as investors might have expected. The company put out its latest earnings results, and with it came a miss on both revenue and earnings-per-share (EPS) versus analyst expectations.

Electric vehicle pioneer Tesla (NASDAQ:TSLA) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.1% year on year to $25.71 billion. Its non-GAAP profit of $0.73 per share was 5.

Tesla’s Q4 2024 earnings call will take place today, Wednesday, January 29, at 2:30 p.m. PT/5:30 p.m. ET. We’ll be broadcasting it on the Shacknews Twitch channel. You can also find it on Tesla’s investor relations page as a webcast.

Tesla said it sold 1.79 million vehicles in 2024, the first drop in more than a dozen years despite offers of 0% financing, free charging and low-priced leases

Tesla's fourth-quarter net income fell 71% from a year ago, when results were boosted by a one-time tax benefit.

By Abhirup Roy and Akash Sriram (Reuters) -Tesla quarterly results fell short of Wall Street targets on Wednesday as financing offers and discounts failed to boost demand for the aging lineup but eroded profit.