Tesla Misses Q4 Estimates, Expects Slower Growth in 2024
After disappointing fourth quarter results, Tesla (NASDAQ: TSLA) saw its shares drop by 3% in after-hours trading. The electric vehicle company fell short of consensus estimates on both the top and bottom line. Tesla also revealed that its vehicle volume growth rate for 2024 may be notably lower than the achieved growth rate in 2023. The company cited its focus on the launch of the next-generation vehicles as the reason for the slower growth projection.
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