Options Market Statistics: Tech Titans Tesla, Meta, and Microsoft Unveil Earnings; Options Pop
$Tesla Motors(TSLA)$
Tesla's Q4 performance in 2024 presented mixed results, with total revenue of $25.71 billion, a 2% increase year-over-year, but falling short of the Street consensus estimate of $27.26 billion. The company reported earnings per share of 73 cents, also missing the expected 76 cents. Automotive revenue, which amounted to $19.8 billion, experienced an 8% decline year-over-year. Despite achieving record vehicle deliveries and energy storage deployments, with 495,570 vehicles delivered and 11.0 GWh of energy storage deployed, Tesla saw its first annual decline in vehicle deliveries to 1.79 million in 2024, down from 1.81 million in 2023. The company attributed revenue impacts to increased energy and services growth, a rise in vehicle deliveries, higher regulatory credit revenue, and reduced selling prices.
Looking ahead, Tesla forecasts a return to growth in its vehicle business by 2025, with the Model Y expected to be the best-selling vehicle globally for 2024. The automaker plans to launch FSD in parts of the U.S. later this year and is developing the Cybercab, Tesla Semi, and Roadster. Despite challenges, Tesla maintains sufficient liquidity to support its product roadmap, including the start of production for new, more affordable models in the first half of 2025. The Cybercab is slated for volume production in 2026 with an "unboxed" manufacturing strategy. Tesla's stock responded positively, trading 4% higher in after-hours at $405.00.
On Wednesday, shares of $Meta Platforms, Inc.(META)$
Meta Platforms reported a historic surge in revenue for the fourth quarter, driven by advancements in artificial intelligence that enhanced its advertising business. The parent company of Facebook and Instagram posted a 21% rise in sales and achieved a net income of $20.8 billion, surpassing analysts' projections. However, Meta foresees a deceleration in revenue growth to 8% to 15% for the first quarter of 2024, marking the slowest increase in two years. Following announcements of increased AI expenditure, Meta's shares rose up to 5% in after-hours trading. The firm's capital expenditures for 2025 are forecasted to be about 70% higher than 2024 estimates. CEO Mark Zuckerberg expressed confidence that Meta's AI assistant would reach over a billion users this year.
$Microsoft(MSFT)$
Microsoft's Azure cloud computing division, a focal point for investors, saw a deceleration in growth last quarter due to data center supply constraints that hindered its ability to meet high demand from AI companies. Azure's revenue increased by 31%, aligning with the lower end of Microsoft's forecasts and falling short of the 32% anticipated by analysts. Despite this, the company's total revenue climbed 12% to $69.6 billion, with net income rising 10% to $24.1 billion. In response to these results, shares dropped 5.2% to $419.14 in after-hours trading.
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