Tesla's Q4 Profit Declines 70 percent
This is a Washington, DC news story, published by Verge, that relates primarily to Musk news.
Washington, DC news
For more Washington, DC news, you can click here:
more Washington, DC newsMusk news
For more Musk news, you can click here:
more Musk newsautomotive and transportation news
For more automotive and transportation news, you can click here:
more automotive and transportation newsVerge news
For more news from Verge, you can click here:
more news from VergeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like automotive and transportation news, you might also like this article about
other Tesla executives. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Elon Musk news, latest earnings report news, automotive and transportation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
TeslaVerge
•Technology
Technology
Tesla’s profits slide over 70 percent in the fourth quarter
75% Informative
Tesla ’s profits slide over 70 percent in the fourth quarter of 2024 .
The company said it earned $2.3 billion in net income on $25.7 billion in revenue, a 1.9 percent increase year over year.
Tesla said it was making progress on bringing down the cost of goods sold (COGS) per vehicle to under $35,000 .
It reiterated its intention to release a more affordable EV later this year .
Musk is reportedly sleeping at the Department of Government Efficiency headquarters in Washington, DC .
Musk and other Tesla executives will be on hand to answer questions during a webcast at 5:30PM ET.
Musk said the two -seat Cybercab would be available to buy for $ 30,000 starting in 2026 , though production challenges loom.
VR Score
70
Informative language
66
Neutral language
22
Article tone
semi-formal
Language
English
Language complexity
56
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
12
Source diversity
7
Affiliate links
no affiliate links