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.
The investors are banking on Elon looting the Govt coffers into Tesla. I can’t deny the chances based on the other crap we are seeing.
Exclusive contracts at 20% mark up. Can’t wait for all police vehicles to switch over to teslas.
True enough. A bet on any tech stocks right now is probably safe on that basis - but I expect they really do plan to crash the stock market at some point… It would make sense if you wanted to consolidate ownership cheaply.
That but also removing green subsidies helps Tesla as it’s further ahead than other electric car rivals. Also, less safety regulations likely brings it closer to fully autonomous driving.
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They’re also banking on Elon staying alive for the next 4y which is a risky bet given how he immediately antagonised the MAGA crowd on H1Bs.
The MAGA crowd hates just about everybody. The last time they did anything of note was the 1/6 insurrection, and that was with the help of Dear Leader.