Tesla was behind expectations in 2024
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Tesla’s net profit, which increased its income by 1.9 %compared to the same period of the previous year 2.3 billion dollars by decreasing 70 % as it was realized. The company’s net profit in the fourth quarter of 2023 included a non -cash tax advantage of 5.9 billion dollars of $ 5.9 billion.
Net profit decreased by 53 %in 2024
Tesla, in all 2024, increased by 1 %compared to the previous year 97.7 billion dollars earned income. The company’s net profit is compared to the previous year 7.09 billion dollars with 53 %decrease as recorded.
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Tesla, who has been subjected to intense competition of Chinese electric vehicle manufacturers, recently Renovated Model YIt aims to increase its sales again for this year by introducing. At the same time, a more affordable and smaller body model (Model Q) It is claimed that it plans to launch in 2025.
Source
https://electrek.co/2025/01/29/tesla-tsla-releases-q4-2024-results-big-miss-leads-to-share-dropping/
https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q4-2024-Update.pdf
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