The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Catone is looking for growth to justify Tesla’s triple-digit P/E ratio, and he does not see it. While the investor acknowledges that energy generation and storage revenues are rising, these segments still play a relatively small role (21%) in the company’s overall revenues.

One analyst warns of the potential for even more pressure on automotive gross margins. But another says moonshot ventures finally look poised to take off.

Tesla stock opened up 5.5% at $410.50 before slipping. The initial rise was a surprise for two reasons. For starters, earnings were relatively weak and guidance was “vague,” according to Morgan Stanley analyst Adam Jonas.

Tesla (TSLA) stock gained 4.1% in yesterday’s after-hours trading session fueled by CEO Elon Musk’s comments that the vehicle business would

Tesla's stock was slipping 0.3% in recent premarket trading ahead of earnings, and if history is any guide, that means tomorrow will more likely be another down day. Over the past 12 quarters, the sto