## Tesla Q4 2024 Results Summary
**Financial Performance**
– Tesla reported Q4 2024 revenue of $25.7 billion, missing Wall Street expectations of $27.2 billion[4][5].
– Non-GAAP earnings per share (EPS) were $0.73, below analyst expectations of $0.77[4].
– Gross profit declined by 6% year-over-year, despite increased regulatory credit sales[4].
– Operating income was $1.6 billion, marking a 23% year-over-year decrease[5].
– For the full year 2024, EPS dropped by 22%[4].
– Full-year revenue grew by only 2% to $25.7 billion; however, automotive revenue decreased 8% to $19.8 billion, with $692 million from regulatory credits[5].
**Production and Deliveries**
– Q4 2024 vehicle production: 459,445 units
– Q4 2024 deliveries: 495,570 units (record high for a quarter)[2]
– Full-year 2024 production: 1,773,443 units
– Full-year 2024 deliveries: 1,789,226 units[2]
– Tesla deployed a record 11.0 GWh of energy storage products in Q4, totaling 31.4 GWh for the year[2].
**Industry Trends and Outlook**
– Q4 2024 saw a year-over-year sales decline—Tesla’s first since 2011[5].
– The company cited cost pressures and softer global EV demand as reasons for the lower operating margin and revenue growth[4][5].
– Despite the financial miss, Tesla’s share price initially fell 5% but subsequently recovered, partly due to optimistic statements about future products and technology during the company’s webcast[4][5][3].
**Key Figures Table**
| Metric | Q4 2024 | Q4 2023 (YoY) |
|—————————|————————|—————|
| Revenue | $25.7 billion | +2% |
| EPS (Non-GAAP) | $0.73 | -22% (FY) |
| Gross Profit | -6% YoY | |
| Operating Income | $1.6 billion | -23% |
| Vehicles Produced | 459,445 | |
| Vehicles Delivered | 495,570 | |
| Energy Storage Deployed | 11.0 GWh (Q4), 31.4 GWh (FY) | |
**Summary**
Tesla’s Q4 2024 results reflected slower growth and increased cost pressures, missing expectations on both the top and bottom lines. While vehicle and energy product deliveries set new records, margins and profitability declined due to lower average selling prices and other market challenges[4][5]. The company experienced its first annual sales decline in over a decade, but continues to emphasize technology development and new product launches as drivers of future growth[4][3][5].