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Tesla Stock Rises 5% After-Hours On FSD And New Vehicle Promises Despite Q4 Revenue Miss - Tesla (NASDAQ:TSLA)

  • Tesla announced plans to launch new, cheaper electric vehicle models in the first half of 2025 and to test an autonomous ride-hailing service in June, boosting investor excitement despite missing quarterly revenue expectations.
  • Tesla's stock rose 5% after the announcement, as the company reported its lowest costs of goods sold ever at less than $35,000 in the fourth quarter, driven by lower raw material costs.
  • CEO Elon Musk stated that Tesla will begin testing a fully autonomous paid car service in Austin, Texas, in June and will conduct unsupervised tests of its full self-driving software in other states this year.
  • Despite previous delays in product launches, analysts view Tesla's commitment to new models and reduced costs positively, with stock prices having more than doubled in the past year.
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