Tesla, one of the pioneers of the electric car world, continues to experience a decline in its financial performance, despite increasing its global recognition. While the company is expected to recover, the latest revenue report was far from meeting these expectations.

Tesla failed to meet expectations

According to the statement made by Tesla, the company generated $ 25.707 billion in revenue in the fourth quarter of 2024. Analysts’ expectation was $ 27.224 billion. Accordingly, it is possible to say that it did not meet expectations.

In addition, the gross profit of the company fell by 6 per cent on an annual basis. There is also a positive situation besides these. So much so that the company’s profit rate is still high and it is reported to have $ 36.6 billion in cash assets. This creates hope in the investment world.

• Revenue: $25.707bn.
• Expected revenue: $27.224 billion (below expectations).
• Gross profit: Down 6 per cent year-on-year.
• Cash assets: $36.6 billion.

The refreshed Tesla Model Y was met with great interest in the Chinese market
According to the information shared by Chinese news source Jiemian, Tesla’s renewed Model Y model has achieved a great success by receiving more than 70 thousand orders in the first five days of the pre-order process. This success is expected to manifest itself in the revenue to be generated in the first quarter of 2025. We will see this together in the coming months.

So what do you think about this issue? You can share your opinions with us in the Comments section below.

Note: What is described in this news is not investment advice and should not be seen as investment advice