Tesla said total revenue for Q4 2024 rose 2% year over year to $25.7B, while operating income fell 23% to $1.6B, with an operating margin of 6.2%. The company cited lower average selling prices for the S3XY and higher operating expenses driven by AI and other R&D projects as factors affecting operating income.

1. 01

   Tesla said total revenue for Q4 2024 rose 2% year over year to $25.7B, while operating income fell 23% to $1.6B, with an operating margin of 6.2%. The company cited lower average selling prices for the S3XY and higher operating expenses driven by AI and other R&D projects as factors affecting operating income.

2. 02

   The company said its full-year 2024 GAAP net income was $7.1B, operating cash flow was $14.9B, and free cash flow was $3.6B, with cash and investments at year-end of $36.6B. Full-year GAAP net income attributable to common stockholders and free cash flow changed -53% and -18%, respectively, from the prior year.

3. 03

   The company said it expects its vehicle business to return to growth in 2025, with the pace of growth depending on the rate of progress in autonomy, production ramps at its factories and the broader macroeconomic environment. It also said it expects energy storage deployments to grow at least 50% year over year in 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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