Tesla's Stock Plummets After Disappointing Q4 Earnings Report

Elon Musk's Net Worth Drops by $18 Billion, Despite Remaining the World's Wealthiest Person

Tesla's Q4 earnings report showed a miss on several estimates, including a revenue of $25.17 billion compared to an estimated $25.87 billion, leading to a 13% drop in Tesla's stock.
Elon Musk's net worth dropped by more than $18 billion due to the stock slide, but he remains the world's wealthiest person with an estimated net worth of $203.6 billion.
Tesla's annual profit declined by 23% in 2023, marking the company's first ever annual profit decline.
The company warned of 'notably lower' output in 2024, causing concern among analysts.
Despite the profit decline, Tesla's revenue in 2023 was 19% higher than the previous year, reaching $96.8 billion.