Tesla (TSLA) pledged a return to growth in 2025 on Wednesday after fourth quarter results disappointed, capping off a year that saw revenue rise just 1% while profits fell sharply from a year ago. On the earnings call, Tesla CEO Elon Musk said that paid, unsupervised FSD (Full Self-Driving) is coming to Austin, Texas, in June.

Shares in the electric vehicle maker jumped nearly 4% in early trading on Thursday.

“With Unsupervised FSD expected to be available throughout the US by the end of 2025 and the rest of the world by the end of 2026 this will be a focus of the bulls,” Wedbush analyst Dan Ives wrote on Thursday morning.

For the fourth quarter, Tesla reported revenue of $25.7 billion, well short of the $27.2 billion expected by analysts and up just 2% from a year ago. For the full year 2024, revenue rose 1% to $97.7 billion.

Adjusted earnings per share came in at $0.73, less than the $0.75 Wall Street analysts were forecasting, according to Bloomberg data.

Operating income totaled $1.58 billion, down 23% from last year, while adjusted net income rose 3% to $2.6 billion.

Source: FINANCE.YAHOO