It seems to be working. Elon Musk wants to rebrand Tesla as an AI company. It seems to be working. Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation,
Tesla’s last quarter disappointed some analysts—but Elon Musk’s lofty promises for the year head are helping buoy the EV stock.
Elon Musk said Austin residents will be able to pay for a fully autonomous Tesla robotaxi ride in June, with an expansion to more US cities planned.
Tesla released its financial results for 2024 on Wednesday afternoon, following the close of the markets. The maker of electric vehicles may have to invest in stocks of red ink, because 2024 results were even less impressive than the already-underwhelming 2023 numbers.
Tesla has made billions off electric cars its rivals aren't selling, but President Donald Trump's anti-EV policies put that revenue stream at risk.
Tesla's robotaxis will be available for paid trips and operate without someone behind the wheel in existing Tesla models.
Tesla shares rose about 3% before the bell on Thursday as plans to roll out cheaper electric vehicles and paid autonomous car services by the automaker that missed Wall expectations for fourth quarter lifted investor sentiment.
Officers tried to get into the vehicle to save the driver, but "due to the intensity of the flames and heat, they were unable to rescue the occupant," the department said.
According to Tesla's quarterly report, the company made $2.3 billion in net income in Q4 2024. Net income is the amount the company actually made after subtracting its expenses from its revenue total. That's a whopping 70 percent decrease in net income compared to Q4 2023.
The news comes from CEO Elon Musk, who finally admitted it during Wednesday's Tesla earnings call (via Electrek ). "The truth is that we will need to replace all HW3 computers in vehicles where FSD was purchased," said Musk after Tesla's head of FSD, Ashok Elluswamy, said the company is "not giving up on it."
Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies.