Tesla's stock tends to swing wildly after earnings, having made double-digit percentage moves following each of the past four earnings reports. Those were split between losses and gains. Looking back at the past eight earnings reports,

Catone is looking for growth to justify Tesla’s triple-digit P/E ratio, and he does not see it. While the investor acknowledges that energy generation and storage revenues are rising, these segments still play a relatively small role (21%) in the company’s overall revenues.

Tesla Inc. plans to launch a long-promised robotaxi business and get back to growing vehicle sales after a year of decline in both deliveries and earnings.

Tesla missed Wall Street’s expectations for the final three months of 2024 but predicted a 'return to growth in 2025.'