- cross-posted to:
- enoughmuskspam@lemmy.world
- cross-posted to:
- enoughmuskspam@lemmy.world
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.
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it’s ok, the president will make some rediculous executive order like “all federal vehicles must be tesla”, then do no price haggling or something and it’ll pull him right out of that bind.
Sadly I don’t think I’m joking.
People don’t want Swasticars? Huh.
You know you fucked up when you made it so people hear nazi car and think of your company and not the car company founded by the nazi government
Credits aside, these dont seem like bad numbers when compared to spend/investment. Tesla management got what they wanted.
Ah so only the unverifiable services that don’t require an easily trackable commodity did well.
I wish I could make up income too.
Ah, but you’ve forgotten the real money maker.
- Having full control over the regulatory authority that currently prevents him putting his automated deathtrap taxis on the roads
Turns out it’s much cheaper to buy governments than it is to perfect self driving technology.
He probably needs all the H1B visas for his remote taxi drivers. I doubt the latency would be good enough otherwise. And it was clear in the ‘demo’ the pilot was just standing right there controlling it.
I doubt latency would be an issue.
More the fact that they’ll be juggling too many at once.
Yeah but then it’s not teslas fault. That employee didn’t do their job and can be fired
i guess time to short it? seems like a bubble
The problem is that it has been a bubble for most of its public trading existence. It was highly overvalued 10 years ago, the stock price has never made sense, so who knows when it will finally correct.
All it needs is a couple of opportunistic fuckers to take advantage of chaos and that shit will plummet like a fucking rock.
This is the reason they’re legislating against all the Chinese EVs that are 90% as good for 40% of the price.
A brand new 12-15k electric car from a competitor would evaporate Tesla’s bubble so quick.
Bill Gates is famously shorting TSLA (1)
I wouldn’t buy a Tesla even if Elon wasn’t a Nazi and a Zionist.
I can barely see how they were so popular up to now anyway. I, too, thought they were cool like 10 years ago, when they were the only real electric car (Leaf and I-Miev don’t count and we didn’t get the Bolt or Volt here, only Opel Ampera and Ampera-E, which are ultra rare). Then a couple of years later, I realized some things, in this order: 1) Tesla interiors are THE BLANDEST THING EVER, 2) Elon Musk’s been seeming increasingly weird starting with the cave diving incident, 3) Tesla quality control is absolute shite
Tesla changed the world by proving you CAN have good range and performance in an EV, but now they’re way past their prime. The Germans, Swedes, Koreans and now I believe EVEN THE CHINESE make better EVs. I have no experience with non-Tesla American EVs to comment on those, but I wouldn’t be surprised if they surpass Tesla in overall quality of vehicle in a few years too.
As an owner of a recent one, but before Musk’s issues got so hard to ignore, it has good quality, as did everyone I look at. Tesla had some very well publicized quality issues, when they were hand-building the first vehicles, scaling up the model 3, and trying to build the very different technology of the cybertruck, but their normal, recent cars seem fine
As a gadget freak, teslas have many features that just don’t exist on other vehicles. Has any other manufacturer even gotten over-the-air updates right?
Several of the other vehicles you mentioned aren’t available in the US. We can expect increased protectionism so they never will be.
At least at the time, my Tesla was the lowest price EV with capabilities I wanted. The incentives made a huge difference but I don’t think it would qualify anymore plus they appear to be getting cancelled
We did have a wave of vehicles expected over the next couple years that may give some competition, if those legacy manufacturers don’t retreat to selling ICE trucks and SUVs only. However GM botching the Trailblazer, and Volkswagen screwing up the software on their attempts do not bode well. Hyundai/Kia has some good possibilities. The high end has several good possibilities but for too high a price and too low a volume
Service being up 30% is a bad thing for the consumer. For a vehicle that doesn’t require much at all in the way of service…
I’m not sure what Services means there though. It could very well include subscriptions rather than the actual servicing of their cars? Or maybe both?
Swedes? You mean Volvo? Aren’t those manufactured in China as well or nah?
Well yeah, they’re about as Swedish now as Chrysler is American. Maybe a tiny bit more.
Still, they produce a lot of cars in Sweden, are traded on the Swedish stock market and are headquarered in Göteborg.
Honestly, I think they’re doing better now than they were under Ford, but obviously they’ll never match the quality of Volvo’s old RWD bricks.
Net profits $2.3B. “Poor financial results”.
How does one reconcile these two things?
But yeah, I live in a country that has had about 0% growth since 2008 :-| Perhaps this is bad news for you rich yankees.
Also note that the automotive industry seems to be pretty much flatlining like my dear country: https://www.vettafi.com/indexing/index/autos
Net profits $2.3B. “Poor financial results”. How does one reconcile these two things?
That’s 2.3B USD on a 1.29T USD valuation, or 0.17%.
Valuations are typically reflective of expected future profits. Multiples of ×20 yearly profit are possible for risky (tech or biotech usually) companies. But the ratio is ridiculously off the charts for tesla. If it does not improve, it will have turned out to have been a very wastefull use of capital.
The issue is the price to earnings ratio of the Tesla stock which is almost 200:1.
The level of profit is not bad for a normally price company but Telsa needs to have profits grow exponentially to justify their stock price.
It used to be double that, so I can see why people see it as a bad thing. But I also don’t think 7.1B profits qualifies as “poor financial results”, even if it used to be higher.
pop?
If any other company dropped net profits by 71% they’d be firing their CEOs (well giving them a golden parachute to gtfo) and having some major shake ups.
Good thing musky got that big compensation package shoved through, eh?
The CEO is too busy playing social media edgelord. I guess when you blow up a company to the point where it will pop, you have to go into politics to change the laws to make it more profitable.
https://fortune.com/2025/01/29/tesla-shares-rally-2025-earnings-growth/
Tesla shares rally on pledge to return to growth in 2025
Continuing the bullshit from 2022, where Musk promised a typical year would have growth of 50!!
Tesla plans to launch its autonomous ride-hailing service in Austin in June
Hows that going Elron?
“This is not some far off mythical situation,” Musk said on the company’s call with analysts. “It’s literally five months away.”
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?
We can do this TODAY.
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.
tessla plans to launch it’s autonomous ride hailing service
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
Neat.
Good.
several key points highlighted
Lists nearly a dozen items 🤣
