Tesla Inc (NASDAQ: TSLA) is keeping in the green this morning even though it reported a 71% decline in net income for its fourth financial quarter. But not everyone is as optimistic about the EV stock.

China’s biggest EV maker, BYD, built more electric cars than Tesla in 2024, signaling a global shift toward cheaper electric cars.

Tesla (TSLA-0.72%) has been one of the best-performing stocks on the market over the last five years but also remains a battleground among investors. CEO Elon Musk has long been a lightning rod for controversy,

Tesla plans to roll out affordable EVs in 2025 and launch a robotaxi service, despite a dip in fourth-quarter earnings.

Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday.

The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.

The days of never-ending growth are over. Tesla was only able to increase turnover by one per cent last year - and only thanks to its growing energy business.

Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025, as its quarterly profit and revenue fell short of Wall Street expectations on Wednesday due to discounts and financing offers.

Still, during Tesla's fourth-quarter earnings call on the evening of January 29, he sent a characteristically blunt message to those who doubted him along the way. "Very few people understand the value of self-driving and [Tesla's] ability to monetize the fleet.

Tesla’s fourth-quarter adjusted profits rose slightly amid a big push to sell its electric vehicles with offers of zero financing and other incentives, but the results still fell short of Wall Street forecasts.

The automotive industry is on a steady growth path, with the electric vehicle (EV) segment leading the charge.