Revenue and profits missed analyst expectations over the three months ending in December, according to the earnings report released on Wednesday. In all, the company delivered 1.81 million cars in 2023, more than it had in any previous year, the earnings report said. Further, the company's vehicle delivery growth "may be notably lower" in 2024, Tesla said in the earnings release. The uncertainty that looms over the company, Ives said, amounts to a "bitter pill to swallow for the bulls." Tesla stock plummets more than 10% after earnings miss expectations originally appeared on abcnews.go.com

Source: ABC News January 26, 2024 01:29 UTC