Tesla misses on earnings and revenue for fourth quarter
- Tesla missed earnings and revenue expectations for the fourth quarter of 2024, reporting quarterly revenue of $25.7 billion, which was about $1.5 billion less than expected.
- Tesla's net income for the fourth quarter was $2.5 billion, up 3% year-over-year, but its profit margin of 13.6% was tighter than analysts had forecasted at 16.2%.
- Meta reported a 59% increase in net income for 2024, reaching $62.36 billion, driven by a 22% rise in revenue to $164.5 billion, boosted by stronger advertising performance.
- Microsoft's profit for the quarter was $24.1 billion, with revenue growing to $69.6 billion, but concerns arose over its cloud business missing market expectations.
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Coverage Details
Total News Sources0
Leaning Left23Leaning Right15Center23Last UpdatedBias Distribution38% Left, 38% Center
Bias Distribution
- 38% of the sources lean Left, 38% of the sources are Center
38% Left
L 38%
C 37%
R 25%
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