Tesla FSD will ‘go ballistic’ next year, says guy who said that last year
Tesla will “go ballistic” next year on the back of its autonomy efforts says Tesla CEO Elon Musk, who said the same thing last year about this year – and many years before.
Hyundai’s new $25,000 Inster EV will help double electric car sales in Europe this year
Despite its small size, Hyundai expects big things from its new low-cost electric SUV. Starting at around $25,000, the Inster EV will be Hyundai’s main growth driver, as it plans to double electric car sales in Europe this year. Hyundai will also launch its first three-row electric SUV, the IONIQ 9.
Elon Musk: Tesla will launch unsupervised full self-driving in Austin as paid service in June
Elon Musk said today that Tesla will launch “unsupervised full self-driving in Austin as a paid service” in June.
It’s a similar claim that he previously made with a few more details.
Tesla guides return to growth thanks to cheaper new models and self-driving
With the release of its financial results today, Tesla is guiding a return to growth in 2025 thanks to new models and self-driving.
Where did we hear that before?
Tesla (TSLA) releases Q4 2024 results: big miss leads to share dropping
Tesla (TSLA) released its financial results and shareholders letter for the fourth quarter (Q4) and full-year 2024 after market close today.
We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.
Tesla Q4 2024 earnings expectations
As we reported in our Tesla Q3 2024 earnings preview yesterday, the Wall Street consensus for this quarter was $27.224 billion in revenue and earnings of $0.77 per share.
Now, did Tesla meet, beat, or miss the expectations?
Tesla Q4 2024 financial results
Just after the market close today, Tesla released its financial results and confirmed that it did miss expectations with earnings of $0.73 per share (non-GAAP) and it missed on revenue expectations with $25,707 billion during the last quarter.
That’s significantly below expectations and triggered a 5% drop in Tesla’s share price after the results were released.
Tesla’s gross profits were down 6% year-over-year in Q4. That’s despite selling more regulatory credits.
For the full-year 2024, Tesla’s earnings per share is down 22% despite many seeing Tesla as a “growth stock”:
The silver lining is that while growth has gone away, Tesla remains profitable and has grown its cash stack to $36.6 billion.
We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):
Here’s Tesla’s Q4 2024 shareholder presentation in full:
Here’s Tesla’s conference call for the Q4 2024 results:
Here’s our first look at the ultra-luxury Genesis GV90 spotted in public [Video]
The upcoming flagship Genesis GV90 is set to shake up the ultra-luxury market. Ahead of its official debut, we are finally getting a look at the larger electric SUV. The Genesis GV90 was spotted in South Korea for the first time, revealing its “massive” size. Check it out below.
New DOT Sec/reality TV contestant signs memo to increase US fuel costs by $23B
Sean Duffy, who was just confirmed as Secretary of Transportation on the back of the transportation “expertise” he showed as a contestant on Road Rules: All Stars, a reality TV travel game show, wasted no time in promising to raise your fuel costs by at least $23 billion on his first day.
Aiper’s Surfer S2 solar pool skimmer launches at $200 off, Segway Valentine’s Day EV sale, DJI power station bundle low, more
Leading today’s Green Deals is the $200 off launch deal on Aiper’s latest Surfer S2 Solar Pool Skimmer that comes upgraded with a bunch of new features at $340. Right behind it is Segway’s Valentine’s Day sale with up to 25% discounts across a selection of EVs, among them being the Ninebot E2 Plus e-KickScooter down at $300. We also spotted DJI’s Power 1000 Portable Power Station bundled along with a protective bag at a new $579 low, as well as NutriChef’s 3L Electric Kitchen Composter falling to $228, as well as a smart alternative model. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s two exclusive low prices on Anker’s F3800 power station, Heybike’s Valentine’s sale, and more.
Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.
Volkswagen may build Porsche and Audi EVs in the US, thanks to Trump’s tariff tantrum
The next Porsche and Audi EVs could be made in the US. Volkswagen is considering moving Porsche and Audi EV production to the US after Trump threatened new tariffs on Europe, Mexico, Canada, and other major trade partners. Here’s how it would work.