Tesla misses Q4 earnings but plans to return to growth in 2025
From Nasdaq: 2025-01-30 12:00:00
Tesla reported disappointing fourth-quarter 2024 results, missing earnings and revenue estimates. Despite this, the company plans to return to growth in 2025. Shares initially dropped 5% after hours but rebounded to a 4% gain due to ambitious production plans.
Investors can consider ETFs with significant exposure to Tesla, such as NITE, TESL, ARKQ, VCR, and ARKK. These ETFs offer opportunities to capitalize on Tesla’s potential growth.
Adjusted EPS for Tesla in Q4 was 73 cents, slightly below estimates but higher than the previous year. Revenues grew 2% to $25.71 billion, missing the consensus estimate of $27.50 billion.
Tesla’s Q4 deliveries missed estimates, totaling 495,570 vehicles. The company saw its first year-over-year decline in full-year deliveries, reflecting competition and slowing demand. Tesla produced 459,445 vehicles in the quarter and aims to return to growth in 2025 with new products.
Despite the challenges, Tesla has regained its trillion-dollar market cap and is expected to benefit from its CEO’s proximity to the Trump administration. The company anticipates growth in 2025 with advancements in vehicle autonomy and new product launches.
Various ETFs like NITE, TESL, ARKQ, VCR, and ARKK offer exposure to Tesla’s potential growth. These ETFs have different investment strategies and fee structures, providing investors with options to capitalize on Tesla’s future prospects.
Read more at Nasdaq: Tesla Misses on Q4 Earnings, Vows to Return to Growth: ETFs to Buy