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Tesla To Report Results For 1st Time Since Trump Elected President

10 0
30.01.2025

Tesla is set to report earnings Wednesday for the first time since President Donald Trump -- a close ally of CEO Elon Musk -- returned to the White House.

The fourth-quarter results conclude a mixed year for Tesla. While the company's profits were pressured by vehicle price cuts introduced amid intensifying electric vehicle (EV) competition, Musk's monumental bet on Trump's candidacy proved successful.

Analysts have forecast modestly higher earnings per share compared with the year-ago period. However, the focus of the call will be on Musk's outlook for the coming term.

Tesla watchers are keen to hear the latest from Musk on whether new EV models planned for 2025 are still on track and if he still expects auto sales to increase 20 to 30 percent in 2025.

There is also much curiosity about how Musk's alliance with Trump -- part of the billionaire's increasingly assertive advocacy on behalf of far-right politicians worldwide -- will affect Tesla.

Some have become very bullish about the company.

"Our time spent speaking to many in the Beltway the last........

© International Business Times