Tesla (TSLA) shares rose despite fourth-quarter revenue and other metrics falling short of Wall Street expectations.

The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.

Tesla's fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.

Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit

Tesla Inc.'s fourth-quarter results were a miss, and Tesla shares are down more than 5% in the the extended session Wednesday. The EV maker reported sales of $25.7 billion in the quarter, below FactSet consensus of $27.

Tesla reported mixed earnings, reflecting pressures from unmet expectations against advancements in energy and technology sectors.

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.

The electric-vehicle maker reports fourth-quarter earnings after the bell Wednesday. Here’s what investors will be watching: Tesla is expected to earn $0.66 a share, or $0.77 on a non-GAAP basis. Net income is expected to be $2.

ETFs having a substantial allocation to this luxury carmaker like The Nightview Fund NITE, Simplify Volt TSLA Revolution ETF TESL, A RK Autonomous Technology & Robotics ETF ARKQ, Vanguard Consumer Discretionary ETF VCR and ARK Innovation ETF ARKK are in focus ahead of the company’s fourth-quarter earnings.

Tesla missed Wall Street’s expectations for the final three months of 2024 but predicted a 'return to growth in 2025.'

Thursday's coverage included more tech earnings, focus on Trump's latest on potential tariffs and more analysis around Monday's DeepSeek Dive.