Tesla Pledges Growth in 2025, Despite Disappointing Q4 Results
Revenue and Profitability
* Q4 2024 revenue: $25.7 billion, below analysts' estimates of $27.2 billion
* Full-year 2024 revenue: $97.7 billion, up 1% year-over-year
* Adjusted earnings per share: $0.73, below Wall Street forecasts of $0.75
* Operating income: $1.58 billion, down 23% year-over-year
* Adjusted net income: $2.6 billion, up 3% year-over-year
Growth Expectations
* Tesla anticipates a return to auto business growth in 2025
* Total auto revenue declined 8% in Q4 2024 and 6% in 2024 compared to previous years
* Tesla aims for "less cost reduction" than previously expected due to new vehicle plans
Unsupervised FSD and New Products
* Paid, unsupervised FSD (Full Self-Driving) to launch in Austin, Texas, in June
* FSD expected to be available in the US by end of 2025 and globally by end of 2026
* New vehicle production on track for 2025 launch, including "more affordable models"
* Cybercab robotaxi volume production scheduled for 2026
Capital Spending and Energy Storage
* Capital spending预计今年和未来两财年将超过110亿美元
* Energy storage business remains strong, with expected 50% year-over-year growth
Other
* Model Y production shutdown planned for Model Y changeover, impacting margins
* Tesla emphasizes the need to promote manufacturing in the US