Tesla said total revenues for 2024 were $97.69 billion, representing an increase of $917 million compared to the prior year, and net income attributable to common stockholders was $7.09 billion, representing a decrease of $7.91 billion compared to the prior year.

1. 01

   Tesla said total revenues for 2024 were $97.69 billion, representing an increase of $917 million compared to the prior year, and net income attributable to common stockholders was $7.09 billion, representing a decrease of $7.91 billion compared to the prior year.

2. 02

   The company said gross margin for total automotive in 2024 decreased from 19.4% to 18.4%, citing lower average selling price on vehicles and Cybertruck ramp as factors. It added that the decreases were partially offset by lower average combined cost per unit of vehicles and increases in regulatory credit and FSD (Supervised) revenue.

3. 03

   Tesla said energy generation and storage revenue in 2024 increased $4.05 billion (67%), with Megapack and Powerwall deployments increasing 16.7 GWh. Gross margin for the energy generation and storage segment increased from 18.9% to 26.2%, the company said.

4. 04

   The company said cash flows provided by operating activities in 2024 were $14.92 billion, representing an increase of $1.67 billion compared to the prior year, and capital expenditures amounted to $11.34 billion. Tesla said it currently expects capital expenditures to exceed $11.00 billion in 2025 and in each of the following 2 fiscal years.

Key figures

Fiscal year ended December 31, 2024

Revenue

$97.7B

Operating income

$7.1B

Net income

$7.1B

EPS

$2.04

Gross profit

$17.4B

Operating cash flow

$14.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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