00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla reported better than expected fourth quarter results.
00:05After the bell on Wednesday, but annual revenue fell 3% for the first time on Wednesday.
00:10According to CNBC, the company reported adjusted earnings of $56.
00:15per share on revenue of $24.90 billion, both topping estimates.
00:20Tesla's auto sales have been sluggish in recent quarters as the company faces
00:25growing competition globally, particularly from BYD in China.
00:29Earlier this month,
00:30Tesla reported a 16% drop in fourth quarter vehicle deliveries and an 8.3%
00:35decline for the full year, with deliveries serving as the company's closest
00:39proximity.
00:40As Tesla's core business has struggled, Musk has highlighted the company's
00:45Robotaxi initiative and Optimus humanoid robots as future growth drivers.
00:50Shares rose 3% in extended trading.
00:53For all things money, visit Benzinga.com.
00:55Benzinga.com.
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