Tesla fell short of analysts' gross margin estimates in the fourth quarter as it offered financing offers and discounts to boost demand for its older product line. The company did not sell any Bitcoin (BTC) according to a report. As Tesla focuses on more affordable financing options, analysts predict that its auto profit margins will weaken due to higher interest rates. Tesla's annual deliveries declined for the first time last year due to high borrowing costs and competition from rivals. The company expects volume growth in the future and plans to launch a cheaper model and increase deliveries of the Cybertruck. However, details on pricing, features, and differences from existing offerings have not been disclosed.



Other News from Today