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 is slated to release its fourth-quarter earnings after the market closes on Wednesday. Any movement will hinge on what the electric vehicle maker—and CEO Elon Musk–say about growth, EV demand, and advances in AI.

Tesla is expected to report earnings after Wednesday's close and here is a closer look at what Wall Street expects.

Tesla shares bumped higher in early Thursday trading following a disappointing fourth quarter earnings update that was somewhat offset by a bullish outlook from CEO Elon Musk, triggering a host of price target changes from analysts on Wall Street.

Tesla just released its Q4 2024 earnings results, and the stock is reacting in after-hours trading. The EV company reported earnings-per-share (EPS) of $0.73/share and revenues of $25.7 billion, missing Wall Street analyst estimates of $0.76/share and $27.3 billion.

Coverage and analysis of electric vehicle maker Tesla's fourth-quarter financial results, Q&A call, and the stock's reaction.

During the fourth quarter of 2024, Tesla said it earned $2.3 billion in net income on $25.7 billion in revenue. That represents a 1.9 percent increase year over year compared to $25.2 billion in revenue in Q4 2023 and a 70 percent decrease in net income. (The company’s net income in Q4 2023 includes a one-time non-cash tax benefit of $5.9 billion.)

The electric-car maker reported net income of $2.5 billion, a result driven in part by strong growth in Tesla’s energy business.