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“Tesla Predicts Significant Decline in Electric Vehicle Sales by 2024”

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Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period. Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year. Tesla was able to claw back some of its automotive industry-leading margins in the fourth quarter, thanks in part to a push to further reduce costs. Energy GrowthWhile Tesla was cautious about vehicle growth in 2024, the company remains bullish on the growth of its energy storage business. Storage deployments were up 125% year-over-year, even with a slower fourth quarter.

Deemed “Significantly Reduced”: Tesla Predicts Decrease in Electric Vehicle Sales for 2024

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Tesla says EV sales growth may be “notably lower” in 2024 The automaker's earnings show a company at a profit-growth crossroadsTesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday. Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period. Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year. Energy GrowthWhile Tesla was cautious about vehicle growth in 2024, the company remains very bullish on the growth of its energy storage business. Storage deployments were up 125% year-over-year, even with a slower fourth quarter.

Potential Decline in Tesla EV Sales Projected for 2024

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Tesla says EV sales growth may be “notably lower” in 2024 The automaker's earnings show a company at a profit-growth crossroadsTesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production put pressure on profits in the fourth quarter, according to earnings reported Wednesday. Tesla reported operating income of $2.06 billion in the fourth quarter, a 47% decrease from the same year-ago period. Tesla spent $1.1 billion on research and development in the fourth quarter, a 35% from the same period last year. Tesla was able to claw back some of its automotive industry-leading margins in the fourth quarter, thanks in part to a push to further reduce costs. Analysts had expected the company to earn around $25.62B billion in revenue in the fourth quarter of 2023, according to Yahoo Finance data.

“Breaking Through the Buzz: VC’s Enthusiastic about AI Investment’s Future Beyond 2024”

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With so much in the rearview mirror, it’s hard to predict what will happen with AI startups in 2024. But some people, like investors, make their living from shrewd bets, so TechCrunch+ recently asked more than 40 investors what they think AI investing could look like in 2024. Most investors told TechCrunch+ that they expect the current swell of funding to continue but were optimistic that the industry is moving past its initial hype cycle and toward more durable businesses. Lisa Wu, a partner at Norwest Venture Partners, expects opportunities in verticalized AI to be particularly attractive this year. “For example, law firms that effectively leverage AI will be able to offer their services at lower cost, higher efficiency and higher odds of favorable outcomes in litigation.”