00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's fourth quarter earnings and revenue fell short of analysts' estimates,
00:05sending shares down by 4% and extended trading on Wednesday.
00:09Automated revenue sank 8%.
00:11The company attributed the decline in revenue to lower average selling prices in its models
00:163, Y, S, and X vehicles.
00:18Tesla's earning report comes after a sharp rise in stock price linked to President Trump's election.
00:23CEO Elon Musk was a major supporter of Trump's campaign
00:27and now leads his government advisory board.
00:29Tesla's stock prices surged after Trump's victory as investors anticipated
00:33Musk's influence would result in favorable policies and reduced oversight for his company.
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