The auto industry refers to the sector of the economy that is involved in the design, development, manufacturing, marketing, and selling of motor vehicles. This industry encompasses a variety of companies and organizations that produce automobiles, including passenger cars, trucks, motorcycles, and buses. It involves numerous components and activities, such as the production of vehicle parts, assembly processes, and the distribution of finished vehicles. The auto industry also includes firms that provide services related to automobiles, such as financing, insurance, and repair services. It plays a significant role in the global economy, influencing employment, trade, and technological advancements. The industry is often categorized into three main segments: original equipment manufacturers (OEMs), suppliers, and aftermarket service providers. Additionally, the auto industry is increasingly focusing on sustainability and innovation, including the development of electric vehicles (EVs) and autonomous driving technologies.
Tesla's Q4 2024 earnings per share were $0.73, below expectations. The company reported revenue of $25.71 billion, missing analyst forecasts. Tesla's full-year earnings per share dropped to $2.42 from $3.12…