André Thierig, director of the Tesla Gigafactory Berlin-Brandenburg Tesla factory, is the final inspection of the production of Tesla Model Y electric vehicles.
Patrick Pleul | Photo alliance | Getty images
Tesla According to results and income for the fourth quarter which followed the estimates of analysts. The stock initially flowed into prolonged exchanges before bounced back.
Here is how the company did in relation to LSEG estimates:
- Profit by action: 73 cents, adjusted, vs 76 cents expected
- Income: 25.71 billion dollars against $ 27.26 billion expected
Tesla’s revenues increased by 2%, compared to $ 25.17 billion a year earlier, while car revenues flowed 8% to 19.8 billion dollars, compared to $ 21.56 billion in the same quarter from last year. The operating profit decreased by 23% in annual sliding to $ 1.6 billion.
The company cited the means of means reduced in its models of model 3 and Y, and S and X as a major reason for the decline.
Net profit dropped 71% compared to the previous year to $ 2.32 billion, or 66 cents per share, compared to $ 7.93 billion, or $ 2.27 per share. Last year The net profit figure was reinforced by a non -cash tax service at $ 5.9 billion.
The Tesla profits report follows a steep rally of the share of the company linked to the election of President Donald Trump. CEO of Tesla Elon Musk was the biggest support for Trump’s campaign efforts and is now directing the new government’s effective advisory council.
The company’s share price has rallied strongly since Trump’s victory in November when investors were betting that Musk’s influence would lead to favorable and less supervision of his businesses.
The trimester operating margin came to 6.2%, narrowing 8.2% in the same period a year earlier and 10.8% in the previous quarter.
In early January, Tesla reported deliveries for the fourth quarter of 495,570. During the full year, deliveries reached approximately 1.8 million, marking the first annual drop in the company. Deliveries are the approximation closest to sales reported by Tesla, but are not precisely defined in the communications of the shareholders of the company.
High reductions
To finish 2024, Tesla offered a range of discounts on inventory vehicles and special discounts for buyers in North America who were referred by another Tesla customer. In China, Tesla reduced the prices of its SUVs of popular y models before making its debut, the Juniper Model Y.
In its shareholder deck on Wednesday, Tesla noted that “affordability remains in the lead for customers”. The company said that it intended to “review all aspects” of its cost of goods sold by vehicle to help make its electric vehicles affordable.
Musk told investors in the last quarters to focus less on the core business as it exists today and more on a future of autonomy and robotics.
In October, Tesla resulted in the excitement of fans by showing a first prototype version of a cybercab at 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”, abbreviated for supervised complete autonomy.
In the meantime, Google Waymo offers an offer of increasing commercial robotaxis in certain American markets, and Weride and Pony.
Although Tesla did not give specific advice on 2025 sales, he reiterated her plans to “unlock an unopensed FSD option”. Tesla said she expects to “start to launch” her driverless activity “later this year in certain parts of the United States”
Tesla’s winning call starts later in the afternoon. The company uses the online forum indicates that technologies to request and choose investor issues for managers to answer calls.
On Tuesday, more than 100 surveys flooded Tesla’s plans around autonomous vehicle technology. In addition, many shareholders have submitted questions about Musk’s obligations to the White House and on the impact of its political and public conduct on the company.
Musk recently made jokes and offensive gestures in the light on the holocaust, and promoted AFD on the far right and anti-immigrant in Germany, or alternative fur Deutschland, before the country’s elections in February in February .
As CNBC previously reported it, the value of the brand of Tesla lose $ 15 billion In 2024, due to several factors, including the business range of the company, and the incendiary political rhetoric of Musk and conduct, according to research by Brand Finance.
Tesla’s energy activity involved much better during the quarter than its main automotive unit.
The company declared energy production and storage income of $ 3.06 billion for the three months ending in 2024, up 113% compared to the same period of the previous year. Auto regulatory credit income during the quarter amounted to $ 692 million.
