The company reports an adjusted profit of 73 cents per share in the fourth quarter, which can be compared to the market's expectations of 75 cents, according to Bloomberg.
The turnover amounted to 25.7 billion dollars, to be compared with the analysts' average forecast of 27.2 billion dollars.
Tesla has previously announced that it sold a total of 1.8 million cars globally in 2024. It was a small decline compared to 2023 and the first time in over a decade that car sales decreased.
The stock fell 2.5 percent on the stock exchange in New York before the report, fell further by over 3.0 percent in after-hours trading – before rising to a gain of 2.8 percent a good hour later.
Tesla has taken a hard hit in the wake of Chinese state-supported electric car companies dumping prices and launching new car models.
In a comment, the company writes that the future looks brighter.
"With progress in vehicle autonomy and the introduction of new products, we expect the automotive industry to return to growth in 2025", writes Tesla according to Bloomberg.
Tesla states that production of cheaper models is in progress to start in the first half of the year. The same applies to the Cybercab model – a two-seater self-driving car – which will start being built in 2026.
