Tesla Reports Record Q4 Earnings, Stock Surges 15%

Tesla has reported record-breaking fourth-quarter earnings, exceeding analyst expectations and driving the stock price up 15% in after-hours trading. The electric vehicle giant continues to dominate the EV market.

Financial Performance

Tesla reported revenue of $29.2 billion for Q4, representing a 25% increase year-over-year. Net income reached $3.8 billion, surpassing analyst estimates by 12%.

Production Milestones

The company delivered 484,000 vehicles in Q4, bringing the full-year total to 1.8 million vehicles. This represents a 35% increase from the previous year and demonstrates Tesla's expanding production capabilities.

Future Outlook

CEO Elon Musk outlined ambitious plans for 2025, including the launch of the highly anticipated Cybertruck and expansion into new international markets.

Market Position

Tesla maintains its position as the world's most valuable automaker, with a market capitalization exceeding $800 billion following the earnings announcement.