Tesla’s fourth quarter earning report

Tesla on Wednesday recorded a sharp decline in profit for 2024 as rivals in China, Europe and the United States on Wednesday and participated in the market for electric cars.

The company, led by Elon Musk, said it earned a profit of $ 2.3 billion during the last three months of 2024. It was a decline of $ 7.9 billion a year ago, but a one -time tax profit in 2023 profit was $ 5.9. Arab. Tesla’s operational advantage, which excludes that particular profit, fell 23 percent in the last three months of the year.

Sales increased by 2 percent to $ 25.7 billion in the fourth quarter, in 2023 from $ 25.2 billion in the same period.

The company’s revenue and profit were assisted by $ 692 million in the sale of regulatory credit to other vehicle manufacturers, which they needed to meet the emission standards. A year ago, the company produced $ 433 million from such sales. The Trump administration and Republican in the Congress have said that they intend to cancel the rules that allow Tesla to sell such credit.

For the whole year, the advantage was $ 7.1 billion, Tesla said, below $ 15 billion a year ago. Sales from $ 96.8 billion to $ 97.7 billion in 2023.

Tesla also sells batteries used by electric utilities, businesses and homes to store energy from solar panels and other sources. The increase in sales of those products compensated for a lack of car sales.

The company depends on two models, model 3 sedans and model Y Sport Utility Vehicles for the sale of its car, while offering wide and growing selections of rival electric vehicles in Asia, Europe and the United States.

BYD located in China, sells more than a dozen electric and plug-in hybrid models, from subcampacts to minivan, and has emerged as Tesla’s largest challenge outside the United States. HSBC analysts said in a report that Chinese vehicle manufacturers expect more than 60 models to be introduced in the second quarter of this year.

In his earnings report, Tesla said that a new, more advanced version of the model Y will go on sale in March, with an initial price of about $ 60,000. The current model Y starts at approximately $ 45,000. It also said that the “more cheap” models would go into production in the first half of the year, but did not give any details.

Tesla Said a Self-Driving Vehicle That Can Serve as a Driverless Taxi, Called The Cybercab, Would Go Into Production in 2026. Some of the company’s existing models Uman Intervention, In Austin, Texas, In June, Mr . Tesla is located in the city and there is a large factory.

“This is not some distance, the mythological situation,” he said. He said that “2025 is going to be an important year for Tesla.”

The company’s market share in China, Europe and the United States last year declined due to increased competition and relative reduction of new models of Tesla. Tesla said earlier this month that it sold 1.8 million vehicles worldwide in 2024, which is slightly lower than 2023. This is a major change for a company that increased the sales of the car by 38 percent in 2023 and 40 percent in 2022.

According to Cox Automotive, in the United States, Tesla’s electric vehicle in the market market fell from 51 percent to 44 percent in the last quarter of the year. Tesla has also lost land in the luxury market for vehicle manufacturers such as BMW and Revians.

The sales of Tesla’s newest vehicle, Cybetrook Pickup, which starts at approximately $ 80,000, also shows the flag. Tesla sold 13,000 cybtracks in the fourth quarter, which was below 16,700 in the third quarter, according to estimates by Cox.

Tesla has cut prices and offered low-to-to-two onion financing to increase sales, but measures have come at the price of profit. Nevertheless, Tesla is one of the few car manufacturers who earn money on electric vehicles. Ford, General Motors, and others have not yet sold enough electric cars, which they have not made to retol assembly lines and re -achieve investments made to make batteries.

Tesla’s shares have increased despite the financial performance of the company’s absence since November. Investors are focusing on promises to produce self-driving “cybercabs” by Mr. Musk that he says that trillions can generate dollars in revenue. The company said on Wednesday that its taxi business would “start launching later this year” in some parts of the United States “.

Barclaylage analysts said in a report this month, “Stock has become immoral from fundamental.” Instead, he said, investors are putting “Elon’s Star Power” and “Tesla’s role at stake as a disintegration – no matter how far away.”

Some investors are also clearly hoping that Sri Musk’s close relationship with President Trump can help remove regulatory obstacles for self-driving vehicles, for Tesla-Exection.

But in the Congress, Mr. Trump and Republican have promised to remove tax credit and other incentives for electric vehicles including Teslas. Mr. Musk has said that the abolition of incentives will harm more rivals than Tesla.