Electric cars are vehicles that are powered entirely or partially by electricity, using electric motors instead of traditional internal combustion engines. They are equipped with batteries that store electrical energy, which can be recharged from various sources, including home charging stations and public charging infrastructure. Electric cars produce zero tailpipe emissions, contributing to reduced air pollution and greenhouse gas emissions compared to conventional gasoline or diesel vehicles. They can be classified into various types, including battery electric vehicles (BEVs) that run solely on electricity and plug-in hybrid electric vehicles (PHEVs) that combine an electric motor with a conventional engine. The use of electric cars is seen as a key component in efforts to transition to more sustainable transportation solutions and reduce reliance on fossil fuels. As technology advances, electric cars have become more efficient, offering longer ranges and faster charging times, making them increasingly popular among consumers.
Tesla reported Q4 2024 earnings of $0.73 per share, slightly up from $0.71, but below analyst expectations. Revenue for Q4 reached $25.71 billion, surpassing last year's figures but falling short…