Tesla Inc. TSLA The stock fell 3.19% to trade at $172.22 on Monday afternoon. Stocks are pulling back during Monday’s session, following last week’s rally after Wednesday’s company. Reported better-than-expected results Fourth Quarter EPS and Sales Performance, and Fourth Quarter Total Production and Total Shipment Year-over-Year Growth.
Shares of EV-related and clean-energy vehicle stocks also rose significantly during Friday’s session and were cut Monday after rumors suggesting the Public Investment Fund is preparing to buy the remainder of Lucid Group. .
Related item: Tesla Q4 Earnings Highlights: Earnings and EPS Beats, Cybertruck and Crypto Holdings Updates and More
What happened?
Tesla reported fourth-quarter revenue of $24.32 billion, up 37% year-over-year. According to the data, total earnings topped Street’s estimate for him of $24.16 billion. From Benzingapro.
Tesla reported fourth-quarter adjusted earnings per share of $1.19, beating Street’s estimate of $1.13.
The company said it posted its best revenue, operating profit and net profit in the company’s history in the fourth quarter.read more
Related item: Tesla Shows Strength Heading Another Big Earnings Week Compared To S&P 500: What To Watch
Tesla has a 52-week high of $384.29 and a 52-week low of $101.81.
