Tesla earnings: A miss on the top and bottom line

<p>Expectations for Tesla were :</p><ul><li>EPS of $0.71 vs $0.74</li><li>Revenue of $25.1B vs $25.6 billion expected</li><li>Auto gross margins: 17.6% vs 23.8% last year</li><li>COGs declined sequentially</li><li>We expect the ramp of the cybertruck to be longer than other models given complexity</li><li>Recorded a one-time non-cash tax benefit of $5.9B in Q4 for release of valuation allowance on certain deferred tax assets</li></ul><p>Tesla says "our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023."</p><p>Shares of TSLA have fallen below $200, or about 4.5%.</p>

This article was written by Adam Button at www.forexlive.com.

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