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Dec 31, 2024
Tesla Q4 2024 Earnings Report
Key Takeaways
Tesla's Q4 2024 revenue reached $25.7 billion, up 2% year-over-year, driven by growth in energy and services segments. However, operating income declined 23% to $1.6 billion due to increased R&D expenses and lower vehicle prices. Net income for Q4 stood at $2.3 billion, including a $0.6 billion gain from digital assets. The company achieved record vehicle deliveries and energy storage deployments. Operating cash flow was $4.8 billion, while free cash flow reached $2.0 billion.
Revenue by Segment
Forward Guidance
Tesla expects growth in 2025 driven by new vehicle launches, AI advancements, and increased energy storage deployments. However, profitability may be impacted by macroeconomic conditions and continued investment in autonomy and manufacturing.
Positive Outlook
- Strong growth in energy storage deployments projected at 50% year-over-year.
- Continued advancements in Full Self-Driving (FSD) technology with plans for expansion in Europe and China.
- New, more affordable vehicle models planned for 2025 production.
- Cybertruck expected to qualify for tax credits, boosting affordability.
- Tesla aims to leverage AI and fleet-based services to enhance profitability.
Challenges Ahead
- Lower vehicle average selling prices could impact margins.
- Increased operating expenses due to AI and R&D investments.
- Macroeconomic uncertainty may affect demand and growth rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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