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.
https://fortune.com/2025/01/29/tesla-shares-rally-2025-earnings-growth/
Continuing the bullshit from 2022, where Musk promised a typical year would have growth of 50!!
Hows that going Elron?
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?
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!!
I believed him at first, why wouldn’t I? Self driving was starting to take shape, the demos looked good, I assumed what he was saying was legitimate.
I remember starting to question things around the time of the Tesla Semi reveal. It didn’t make sense to me that you’d use heavy, short range batteries in an industry that runs by driving as far as possible, for as cheap as possible, hauling as much as possible. There were just too many compromises and he didn’t give any details other than acceleration (who cares in trucking).
After that I started looking into him more and realized his bullshit spread through everything he touched. I honestly think most people are simply not paying attention to him, they just read headlines and since headlines never call him out and only amp up the crazy ambitious things he says, people believe he’s a genius.
That seems to be slowly changing as he opens his stupid mouth about politics, but he’s pivoting to a new audience now.
Admittedly so did I. 😋
I agree the Truck convoy claim to be cheaper than trains were so obviously bullshit, I was beginning to get on to him by that time, but if I wasn’t sure before that, I definitely agree at that time it became obvious that he is a fraud.
Absolutely, it’s so bad much of the media are essentially complicit.
I’ve seen reviews where they point out cheaper maintenance of Tesla as a HUGE advantage, making them cheapest car to own in their category. This has annoyed me a little, because I’m a little bit in love with the Skoda Enyaq, but it cost about twice in maintenance than a Tesla Y. Well maybe there’s a reason for that, and it doesn’t annoy me anymore. Because if you follow recommendations for the Skoda it’s actually maintained, the Tesla is not. The same for all other VW family cars, they are a bit expensive to maintain, but I’ve NEVER heard about problems like with Tesla on safety on any VW-group car.
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