The bigger news, though, is what Tesla has planned for 2025. In the first half of the year, it’s set to launch “ more affordable ” models. Precise details about these models haven’t been confirmed, although Tesla has been talking about them for quite some time.

The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

Tesla CEO Elon Musk said Wednesday his company will launch a paid ride-hailing robotaxi service in Austin, Texas using its own fleet vehicles this coming

Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.

Tesla plans to launch more affordable electric car models in early 2025, aiming for a turnaround after a disappointing 2024.

Tesla reported fourth-quarter earnings on Wednesday afternoon, and investors looked past revenue and per-share profit misses to focus on news the company kept its goal to launch cheaper EVs in the first half of the year and vowed to have fully autonomous cars on the roads in Austin,