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Tesla’s 2024 financial results are out—and they’re terrible (arstechnica.com)

submitted 5 months ago by [email protected] to c/[email protected]

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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.

(page 2) 50 comments

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[–] [email protected] 6 points 5 months ago

So they are making bank on storage and energy, but they are allowing Trump and the EPA to ruin it? Also he makes electric vehicles and Trump and Co are trying to bring back gas guzzlers and straight pipes. Hmmm. I think Elons mouth wasn't sufficiently moist enough for trump.

[–] [email protected] 5 points 5 months ago

pop?

[–] [email protected] 4 points 5 months ago (6 children)

i guess time to short it? seems like a bubble

[–] [email protected] 7 points 5 months ago

Bill Gates is famously shorting TSLA (1)

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[–] [email protected] 4 points 5 months ago

Neat.

[–] [email protected] 3 points 5 months ago

I'm glad for them.

they don't make electric vehicles. they make human sized battery powered over engineered poorly designed toys that were somehow street legal.

[–] [email protected] 2 points 5 months ago

Credits aside, these dont seem like bad numbers when compared to spend/investment. Tesla management got what they wanted.

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