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.