Tesla Earnings Live Updates: Stock Rises After Q4 Earnings Beat, XAI Investment
Tesla earnings are here.
The EV maker slightly beat the average analyst estimate for revenue, reporting $24.9 billion for the quarter. Adjusted earnings per share were $0.50, also ahead of expectations.
Wall Street was jittery heading into the report, with sales waning and the AI roadmap still taking shape. All eyes will be on Elon Musk’s plans for the continued robotaxi rollout in the US and the company’s robotics business, which investors have begun valuing at a premium relative to Tesla’s auto business.
Tesla also said it recently entered into an agreement to invest $2 billion into xAI, CEO Elon Musk’s AI company.
The stock rose 3% in after-hour trading….
