Tesla delivers underwhelming earnings despite Cybertruck launch and high vehicle deliveries
by Johana Bhuiyan from Technology | The Guardian on (#6J3TS)
Electric vehicle manufacturer's earnings in the fourth quarter of 2023 missed analyst expectations
Despite putting a new vehicle on the market, announcing another for 2025 and beating Wall Street's expectations for vehicle deliveries, Tesla was not able to shake off its disappointing third quarter.
The electric vehicle manufacturer brought in $25.1bn in revenue and posted $.71 in earnings a share in the fourth quarter of 2023, missing analyst expectations of 25.76bn in revenue and $0.74 earnings a share. The company's fourth quarter revenue increased 3% year over year from $24.3bn in 2022.
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