Tesla's recent Q4 2024 earnings report presented a mixed bag for investors, with a notable $600 million gain from Bitcoin investments but disappointing gross margins of 16.3%, falling short of BofA Global Research's 18.8% estimate. The report also highlighted potential volume risks in Q1 2025 due to the Model Y changeover and lower pricing, which could weigh on future performance. Despite these challenges, Tesla remains optimistic about its long-term prospects, with the Robotaxi launch in Austin on track for mid-2025 and energy storage deployments expected to grow over 50% y/y. However, the immediate market reaction appears cautious, as reflected in the slight decline in Tesla's stock price.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) remained unchanged at $2.52 as of 10:00 AM on Thursday, January 30.