Tesla and SpaceX are teaming up to build something unlike anything the world has seen before—a next-generation Roadster that defies physics! Elon Musk hints that its mind-blowing acceleration is just the beginning.
Tesla, SpaceX and Asteroid
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk. Photo credit: Getty The Fed is used to steering markets on its big day,
However, the Minor Planet Center (MPC), the agency responsible for cataloging asteroids, quickly retracted the classification after determining that the object was actually Elon Musk’s Tesla Roadster, which was sent into space aboard SpaceX’s inaugural Falcon Heavy flight.
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.
In an online forum for shareholders ahead of Tesla's fourth-quarter earnings, investors clamored for details about Elon Musk's robotaxi rollout.
Morgan Freeman revealed in 2016 that he was a Tesla investor and an admirer of Elon Musk, praising his visionary ideas and achievements with SpaceX.
Elon Musk mentioned everything from Superman and telescopes to Hollywood and inventors shouting "Eureka!" during Tesla's earnings call.
Tesla posted a rare earnings miss for the last quarter of 2024, coupled with disappointing results amid weak sales and revenue leading to thinning profit margins.
Tesla's fourth-quarter earnings missed Wall Street's estimates, but the stock rose on 2025 guidance and plans for robotaxi rides to begin in June.
After Trump’s presidential victory in November 2024, Tesla stock surged as Musk’s status as head of the Department of Government Efficiency (DOGE) helped generate positive momentum. But since Trump’s inauguration on January 20, shares have been trending downward, even as the company nears a key earnings report.
Tesla (TSLA) is set to report its fourth-quarter and full-year earnings on Wednesday, as familiar — if enhanced — concerns linger in investors’ minds.