Tesla reported fourth-quarter revenue of $25.17 billion, missing estimates of $25.87 billion, while revenue rose 3% year-over-year. Adjusted EPS was $0.71 versus an estimate of $0.73. For 2024, Tesla warned its vehicle production growth rate "may be notably lower than the growth rate achieved in 2023" as it works on launching new vehicles at Gigafactory Texas. Elon Musk confirmed Tesla's next-gen vehicle platform is on track for production in the second half of 2025, aiming to "revolutionize" vehicle manufacturing.
