Tesla’s 2024 financial results are out—and they’re terrible - eviltoast
40 percent of its profit came from selling regulatory credits.

AI Summary:

Tesla’s 2024 financial results were disappointing, with several key points highlighted:

  • Automotive Revenues: Fell by 8% in Q4 2024 compared to Q4 2023, totaling $19.8 billion.
  • Energy and Storage Revenues: More than doubled, growing by 113% to $3 billion in Q4 2024.
  • Services: Grew by 31% in Q4 2024, contributing $2.8 billion.
  • Total Revenue: Increased by 2% in Q4 2024, but income fell by 23%, with an operating margin of 6.2%.
  • Net Profits: Dropped by 71% to $2.3 billion in Q4 2024.
  • Annual Performance: Automotive revenues decreased by 6% to $77 billion in 2024. Energy generation and storage increased by 67% to $10 billion. Services grew by 27%, bringing in $10.5 billion.
  • Gross Profits: Fell by 1%, with net profits dropping by 53% to $7.1 billion for the year.
  • Free Cash Flow: Decreased by 18% to $3.6 billion.
  • Regulatory Credits: $2.8 billion of profit came from selling regulatory credits, not from core business activities.
  • Future Predictions: Tesla expects energy storage revenues to grow by at least 50% year-over-year and aims to grow automotive sales by more than 60% in 2025.

Despite the poor financial results, Tesla’s share price increased by 103% over the same period.

  • Buffalox@lemmy.worldEnglish
    42·
    11 hours ago

    https://fortune.com/2025/01/29/tesla-shares-rally-2025-earnings-growth/

    Tesla shares rally on pledge to return to growth in 2025

    Continuing the bullshit from 2022, where Musk promised a typical year would have growth of 50!!

    Tesla plans to launch its autonomous ride-hailing service in Austin in June

    Hows that going Elron?

    “This is not some far off mythical situation,” Musk said on the company’s call with analysts. “It’s literally five months away.”

    So it’s been LITERALLY running for more than a half year now? Or is it still a no show, like the 7 previous years FSD should have been here?

    We can do this TODAY.

    He has said that so many times, on so many things, and it’s always a lie. FSD, Convoys of trucks that are cheaper than trains! Tesla being able to park. which it still can’t do reliably. And this is the very beginning of the claim that a Tesla can drive across the country (USA) to pick you up!

    Did ANYONE believe his bullshit ever, do people believe he will build a manned base on Mars eventually? A base that should have been up and running I think it was 2022!!!

    How is this man not in jail?

    Oh right, probably much the same way Trump is not in jail. USA is an oligarchy moving towards a fascist dictatorship!!

    • Phoenixz@lemmy.caEnglish
      3·
      3 hours ago

      tessla plans to launch it’s autonomous ride hailing service

      Autonomous driving, like he’s promised he already had every year for over a decade now.

      Who does anyone believe this scammer? He is a con man, always had been, and I’m just amazed at the enormous amount of idiots believing his shit