Tesla published its financial results by 2024 on Wednesday afternoon, after the closure of the markets. The electric vehicle manufacturer may have to invest in red ink shares, because the 2024 results were even less impressive than the 2023 numbers already bass.
P4, 2024
During the last quarter of last year, Tesla saw her automotive income falls to 8 percent compared to the same three months of 2023, falling to $ 19.8 billion. With more than duplicating their energy and storage income, which grew by 113 percent compared to the fourth quarter of 2023, but this amounts to only $ 3 billion and a small fraction of the general business of Tesla. Similarly, services recorded a 31 percent growth during those three months, but again the real contribution in terms of dollars was only $ 2.8 billion.
Total income grew by 2 percent in the fourth quarter, but revenues fell by 23 percent, and their operational margin has decreased to only 6.2 percent, the lowest since the first quarter of 2024. On the contrary, on the contrary, The average operating margin of the industry for a car manufacturer is about 10 percent. Net earnings fell an amazing 71 percent to $ 2.3 billion.
The year in general
For all 2024, Tesla saw a 6 percent drop in automotive revenues, up to $ 77 billion. Energy generation and storage increased by 67 percent, to a total of $ 10 billion. The services grew by 27 percent during the year, which generated $ 10.5 billion in revenues. That means that total income grew by 1 percent in 2024; During the same period of time, the price of Tesla shares has increased by 103 percent.
But gross earnings fell 1 percent, with net earnings falling to a huge 53 percent to $ 7.1 billion for the year, which turned the worst year of this Tesla since 2021, when he obtained only $ 5.5 billion in earnings . Free cash flow fell 18 percent during the year, to $ 3.6 billion. By deepening the declaration of profits and losses, $ 2.8 billion of that gain come from the sale of regulatory credits to other car manufacturers, not to sell cars or even access to the supercarril.
