Pre-market trading on Thursday saw a decline in Tesla shares after the firm released results that were below forecast and issued a warning about a slowdown in 2024.
Tesla’s stock was up around 8% at 6:33 a.m. ET.
On Wednesday, Tesla released earnings and sales that fell short of what the market had anticipated. A key performance indicator, Tesla’s automotive revenue, came in at $21.6 billion in Q42023, up barely 1% from the previous year.
However, the main worry was about Tesla’s future. As it prepares to introduce its “next-generation vehicle” in Texas, the electric vehicle manufacturer stated that vehicle volume growth in 2024 “may be notably lower” than the rate seen the previous year. The business issued a warning to investors, stating that it is “currently between two major growth waves.”
Source (CNBC)
