1/29/2025 Tesla Popping after hours

Excluding one-time items in both periods, the Austin, Texas, company's profits rose 3% to 73 cents a share, still not enough to meet analysts' estimate of 77 cents a share.

Tesla stock fell more than 2% after trading closed Wednesday, but rose back up after the report, despite the lower-than-expected results. Shares are still up more than 50% since Donald Trump was elected president as investors expect Musk's advisory role in the new administration will help the company. 

Revenue in the quarter rose 2% to $25.7 billion, less than Wall Street forecast for $27.1 billion, according to FactSet.

The slight rise in revenue came after Tesla offered a series of incentives to drum up demand for its electric vehicles including low-interest loans and lower prices.

Earlier this month, Tesla said it sold 1.79 million vehicles in 2024, the first drop in more than a dozen years despite offers of 0% financing, free charging and low-priced leases. The fourth quarter showed signs of a rebound, though, with a record 495,570 vehicles sold.

That is not a good story at all. Frankly. Just tepid

The numbers were terrible. Idk why this thing jumped but somebody knows something the rest of us don’t.