Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after market close Wednesday.

Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025, as its quarterly profit and revenue fell short of Wall Street expectations on Wednesday due to discounts and financing offers.

To meet its sales goals, Tesla will probably need a new model and significant advancements in autonomous driving.

Elon Musk finally admits that Tesla will have to replace its HW3 self-driving computers. He said it would be difficult, but Tesla would do it. However, no concrete plan has been shared. For the better part of the year, we have been reporting that Tesla can’t achieve its promise of “full self-driving” on HW3, and it needs to come clean about it.