The American electric vehicle manufacturer Tesla announced Wednesday results lower than expectations for the fourth quarter, affected in particular by a drop in the average selling price. (AFP/Archives/WANG Zhao)
The American electric vehicle manufacturer Tesla announced Wednesday results lower than expectations for the fourth quarter, affected in particular by a drop in the average selling price.
Between October and December, the group achieved a turnover of 25.17 billion dollars (+3% over one year) and a net profit of 7.93 billion dollars, inflated by an exceptional tax advantage of 5, 9 billion.
On a like-for-like basis, net profit stood at $2.48 billion (-39% over one year). And, reported per share – reference for the markets – it comes out to 71 cents.
This is lower than the FactSet analyst consensus forecast of 2.69 billion and 73 cents respectively.
The group explained that its turnover and profitability had suffered from a lower average price, which the increase in the number of vehicles delivered could not compensate for.
Tesla has in fact implemented several price reductions over the year in the United States and elsewhere in the world.
The manufacturer also warned on Wednesday that the rate of growth in volumes could be “significantly lower” during the current financial year, compared to that recorded in 2023.
It announced on January 3 that it had delivered 484,507 electric vehicles worldwide in the fourth quarter of 2023, and 1.81 million for the whole year (+38% year-on-year).
If Tesla retained its first place in the world over the year, the American company was overtaken by the Chinese BYD in the last quarter (526,409 electric vehicles delivered between October and December, and 1.57 million in 2023).
In electronic trading after the New York Stock Exchange closed, Tesla shares lost 2.61%.
© 2024 AFP
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