$Tesla (TSLA.US)$ shares are trading lower by 3.19% to $172.22 Monday afternoon. Shares are pulling back during Monday's session, potentially on profit-taking and overall market weakness, following last week's rally after the company last Wednesday reported better-than-expected fourth-quarter EPS and sales results and a year-over-year increase in fourth-quarter total production and total deliveries.
Shares of EV-related and clean energy vehicle stocks also saw marked strength during Friday's session and are pulling back Monday following a rumor suggesting the Public Investment Fund is preparing to buy out the remainder of Lucid Group.
What Happened?
Tesla reported fourth-quarter revenue of $24.32 billion, which was up 37% year-over-year. The revenue total beat a Street estimate of $24.16 billion, according to data from Benzinga Pro.
Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13.
Tesla Inc has a 52-week high of $384.29 and a 52-week low of $101.81.
