Tesla Q4 and FY 2024 Update [pdf]
digitalassets.tesla.com
digitalassets.tesla.com
- any mention of cutting of US EV credits,
- predicted move by options is 7%, which is small by Tesla standards
- any mention of how much time Elon spends at Tesla
- any mention of Mexico plant, maybe tell us what Musk thinks of tariff chances on Mexico
- any cybercab tangible news
Numbers
- Q4 EPS $0.73 est $0.75
- Q4 Operating Income %1.58B, Est $2.68B, wtf here?
- Revenue from regulatory credits is $692 million
- Q4 auto gross margins ex regulatory credits is 13.6%, this is low for Telsa and probably related to them blowing out old inventory
- relatedly revenue per vehicle ex credits dropped below $40,000 for the first time.
- credits and other income make up half of Telsa's earnings
- digital assets listed as $1.1B on their balance sheet
Notable
- record for deliveries in China
- more affordable models on track for 1H25
- claiming new models will be built on same lines as existing cars to help efficiencies
- claiming they can build up to 3M cars,
- cyber cab now a 2026 item
- a big part of other income was energy generation
- Shanghai mega factory finished in Dec and will start producgin vehicles