Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts. The electric vehicle company run by Elon Musk said Wednesday that it made $2.

Tesla CEO Elon Musk told investors last year that the company was aiming for a 2025 launch of its self-driving service in California and Texas. The company appears to be on track to hit that target. Musk said during Tesla's fourth-quarter earnings call on Wednesday that the automaker is on pace to launch its self-driving service as early as June 2025,

The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. The electric car maker posted revenue of $25.71 billion in the period, which also fell short of Street forecasts.

Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital assets.

Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.