Tesla released its fourth-quarter financial report yesterday after the market closed. Due to price cuts and promotional activities, the gross margin for the fourth quarter of 2023 dropped to 17.6%, the lowest since 2019. At the same time, the company warned that the growth rate of electric vehicles in 2024 may be significantly lower than that of 2023. Tesla’s stock price fell nearly 6% after hours, once again dropping below the $200 mark.
Tesla's Q4 Financial Report Disappoints, Bleak Outlook for 2024, Stock Price Falls Below $200