Tesla’s earnings Live: Shares slip after warning of a speedbump in ’24
Published 1:46 pm Wednesday, January 24, 2024
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Tesla shares were falling after hours Wednesday after the company declined for now to offer financial guidance for 2024.
Tesla (TSLA) – Get Free Report said, instead, that deliveries would be noticeably lower.
More detail will come during the company’s earnings call at 5:30 p.m. ET. CEO Elon Musk is expected to participate.
This is a developing story, so check back for updates during the conference call!
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The disclosures came after the company reported fourth-quarter revenue and earnings that missed Wall Street estimates.
The shares were off more than 2% from the $207.83 close. The close was off 0.6% on the day and are off 16.4% this year.
Image source: Getty Images.
Tesla reported fourth-quarter revenue of $25.2 billion, missing the street estimate of $26.6 billion. Earnings were 71 cents a share. The Street estimate was 74%.
Tesla shares have been pressured in recognition of rising global competition and signs sales are stagnating.
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