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submitted 22 hours ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 25 points 18 hours ago (1 children)

Exclusive contracts at 20% mark up. Can’t wait for all police vehicles to switch over to teslas.

[–] [email protected] 18 points 17 hours ago (1 children)

I'd support that: the new excuses as to why a suspect escaped would be fantastic.

"Well, I would have caught him but my car died for some reason and I couldn't get out."

"Well, I would have caught him but I hit a bump and half my car fell off."

"Well, I would have caught him, but my car caught fire and killed my partner."

"Well, I would haved caught him but it was raining so my bumper fell off and punctured my tire."

[–] [email protected] 3 points 17 hours ago

Don’t worry, none of these would make the news.