Tesla TSLA 2024 Q4 Earnings

Tesla reported on earnings and revenue for the fourth quarter that drew the analysts’ estimates. The stock initially lowered in extended trade before rebounding.

How to do the company versus estimates from LSEG:

• Earnings per Stock: 73 cents, adjusted, vs 76 cents expected
• Revenue: $ 25.71 billion against $ 27.26 billion expected

Teslas revenue only rose 2% from $ 25.17 billion the year before, while car revenue lowered $ 8% to $ 19.8 billion from $ 21.56 billion in the same quarter last year. Operating income dropped 23% years over years to $ 1.6 billion.

The company cited reduced average sales prices across its Model 3 and Y and S and X lines as a major cause of the fall.

Net income fell 71% from one year earlier to $ 2.32 billion, or 66 cents per year. Share, from $ 7.93 billion or $ 2.27 per share. Stock. Last year’s net income number was strengthened by a one -time tax of $ 5.9 billion disposable tax benefits.

Tesla’s earnings report follows a steep demonstration in the company’s share price tied to the election of President Donald Trump. Tesla CEO Elon Musk was the biggest backman for Trump’s campaign efforts and is now leading the president’s new advisory board of government efficiency.

The company’s stock price has risen sharply since Trump’s victory in November, as investors are betting that Musk’s influence would lead to both favorable policies and less supervision of his businesses.

The operating margin for the quarter came with 6.2% and narrowed from 8.2% in the same period one year earlier and 10.8% in the previous quarter.

In early January, Tesla reported deliveries for the fourth quarter of 495,570. Throughout the year, deliveries came in approx. 1.8 million and marked the company’s first annual decline. The deliveries are the closest approximation of sales reported by Tesla, but are not precisely defined in the company’s shareholding communication.

At the end of 2024, Tesla offered a number of discounts on warehouses and special discounts for buyers in North America, which was referred to by another Tesla customer. In China, Tesla reduced the prices of its popular model Y -SUVs before debuting an updated version, Model Y -Einer.

In his shareholder tire on Wednesday, Tesla noted that “affordable prices remain the top of the mind for customers.” The company said it intends to “review all aspects” of its costs of goods sold per year. Vehicle to help make its EVs affordable.

Musk has told investors in recent quarters to focus less on the core business as it exists today and more on a future of autonomy and robotics.

In October, Tesla drummed the tension among fans by showing an early prototype version of a cybercab by its “We, Robot” event. However, Tesla still does not produce Robotaxis. Instead, the company sells a premium version of its partially automated driving system called “FSD”, map for full self-driving monitored.