After an initial drop, Tesla stock has turned higher, up almost 4% in after-hours trading at $403 a share.
Any disappointment with fourth-quarter margins has faded probably because of the outlook for 2025.
“We expect the vehicle business to return to growth in 2025,” reads part of the earnings release. Tesla’s car sales fell about 1% year over year in 2024. On the third-quarter call, Elon Musk suggested that 20% to 30% growth in 2025 was possible.