Tesla predicts slower growth in 2024

US electric car manufacturer Tesla has warned that vehicle volume growth could be lower this year compared to 2023 due to work on a new generation vehicle. Tesla announced its balance sheet for the last quarter of last year. Accordingly, the company's revenue increased by 3 percent in the fourth quarter of 2023 compared to the same period of the previous year, reaching $25.2 billion. Tesla had revenue of $24.3 billion in the fourth quarter of 2022. Tesla's revenue in the last quarter of last year fell short of market expectations. The electric car manufacturer's net profit, on the other hand, nearly doubled in the same period, rising to $7.9 billion. Tesla's net profit was calculated as $3.7 billion in the fourth quarter of 2022. Increase in production and deliveries Tesla produced 494,989 cars globally in the last quarter of 2023, while delivering 484,507 vehicles. The company's vehicle production increased by 13 percent annually during this period, and the number of vehicles delivered increased by 20 percent. Tesla warned in a statement that teams were working on the next-generation vehicle at its production facility in Texas, called the "Gigafactory," and that this year's vehicle volume growth could be lower than last year. The statement also included the following statements: "For a long time, many people doubted the sustainability of electric vehicles. Today, electric vehicles are the best-selling vehicles on the planet."