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.

Tesla shares have become a vehicle for investors to wager on Musk himself, rather than the company. That has advantages, but also poses risks.

Tesla (TSLA) reported fourth-quarter revenue and adjusted profit below analysts' estimates late Wednesday, with the stock first falling and then rising in after-hours trading after the company's report and conference call.

Tesla said it sold 1.79 million vehicles in 2024, the first drop in more than a dozen years despite offers of 0% financing, free charging and low-priced leases

In an earnings call last January, Musk characterized the shrinking bottom line as Tesla moving “between two major growth waves,” an assertion agreed upon by Wa