Tesla sees slower 2024 volume growth as earnings miss estimates

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AFP

New York (AFP) – Tesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk’s electric vehicle giant warned of slower volume growth in 2024. Shares of Tesla fell after the company’s earnings per share and revenues both missed analysts expectations in the fourth quarter, and it offered a sobering outlook for 2024 auto volumes. “Our company is currently between two major growth waves,” said Tesla. It promised that an upcoming “next-generation” vehicle will serve as a worthy successor to the existing fleet that has b…

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