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.

Tesla Inc. fleshed out plans to launch a robotaxi business Elon Musk is counting on to help usher in next phase of growth, after the company posted quarterly earnings that missed estimates.

Tesla Inc. plans to launch a long-promised robotaxi business and get back to growing vehicle sales after a year of decline in both deliveries and earnings.

Shares of Tesla (TSLA) are on the rise on Thursday despite the electric vehicle maker’s earnings missing expectations. The company pledged to