Tesla missed Wall Street’s fourth-quarter earnings estimates despite being helped by a gain in the company’s bitcoin holdings. Shares rose anyway in late trading as nothing really changed in the outlook for self-driving cars and new EV models designed to boost growth.

In 2024, Tesla (TSLA) ’s electric vehicle deliveries fell for the first time in the company’s 21-year history. But according to CEO Elon Musk, that’s no cause for concern because Tesla’s future is all about A.I. and other non-automobile businesses. And investors seem to buy the argument—for now.

Tesla’s latest earnings report reveals a rare sales decline and stock dip, as CEO Elon Musk’s escalating controversies and political entanglements raise questions about the brand’s long-term consumer trust and market position.

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.

Wall Street are pointing mostly higher in premarket trading while more corporate earnings poured in a day after the Federal Reserve opted to leave its benchmark lending rate alone

Tesla’s driver assistance software, known as full self-driving, or FSD, will see unsupervised tests in Texas, California and other states this year.

Indices traded most of the session in the green before the Trump statement, led by gains in Tesla and Meta post their quarterly results. The gains were offset by a 6% drop in shares of Microsoft.

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Meta and Tesla shares rally. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

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