- 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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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 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.
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.
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.
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!!
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 🤣
Expensive luxury cars for rich people with over 30 thousand subsidy, and they will still lose money. Credits is the new Bitcoin.
aims to grow automotive sales by more than 60% in 2025.
I think this is being reported incorrectly in a lot of places.
They said the new vehicles they’re launching in H1 2025 will allow them to grow 60% to the 3 million capacity they have.
They did not say in 2025, but it looked like it could be interpreted as 2025 without saying it.
I think this is being reported incorrectly in a lot of places.
Elon Musk said his team expects “an epic end of year” for the company as it aims to maintain its 50% annualized growth rate.
I don’t think you are aware how crazy Musk’s promises are.
I’m glad for them.
they don’t make electric vehicles. they make human sized battery powered over engineered poorly designed toys that were somehow street legal.
