Fourth quarter earnings report.
Revenue: Expected to reach $27.27 billion, but actual report shows $25.7 billion, lower than market expectations. This is because Electric Vehicles (EV) revenue decreased by 8% annually, mainly supported by a 113% annual increase in energy business.
Earnings per share (EPS): Expected to be $0.76, but actual EPS reported is $0.73, lower than expected.
Gross margin and operating margin: Both gross margin and operating margin have declined, indicating the challenges the company faces in intensifying competition and price wars.
Vehicle deliveries: In the fourth quarter, 495,570 automobiles were delivered, below the market expectation of 500,000 to 510,000 vehicles. This also marks Tesla's first annual decline in delivery volume.
Energy storage: Energy storage deployments reached 11.0 GWh, demonstrating strong growth for the company in this area.
Annual Earnings Reports
Total annual deliveries: In 2024, a total of 1,789,226 Automobiles were delivered, with a significantly slower growth rate compared to previous years, falling short of market expectations.
Financial situation: Despite revenue and profit falling short of expectations, Tesla's cash reserves increased to $3.66 billion, reflecting the company's continued profitability in operations, but with a significantly slower growth rate.
Other highlights:
New Model Y: Launched in all markets, expected to become the best-selling model globally, highlighting Tesla's product innovation.
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