Automobile Manufacturing Stocks Q4 Results: Tesla's Q4 Revenue Down 3.1%, Rivian Surpasses Expectations

Automobile manufacturing stocks reported mixed Q4 earnings, with revenues beating analysts' consensus estimates by 3.8%. Tesla reported a 3.1% YoY revenue decline, falling short of expectations. Rivian reported a 25.8% YoY revenue decline but exceeded expectations, while Lucid reported a 123% YoY revenue increase. On average, share prices of the companies are down 12.8% since the latest earnings results.