Tesla Inc.
Tesla, Inc. Releases Fourth Quarter and Full Year 2024 Financial Results
Summary
Tesla, Inc. reported its financial results for the fiscal quarter and year ended December 31, 2024, disclosing a total revenue increase of 2% year-over-year to $25.7 billion in Q4. The company's operating income decreased by 23% year-over-year to $1.6 billion in Q4, resulting in a 6.2% operating margin. Net income attributable to common stockholders was $2.3 billion for Q4, and $7.1 billion for the full year 2024, with a GAAP net income per share of $0.66 and a non-GAAP net income per share of $0.73. Tesla also provided details on its automotive and energy businesses, capital expenditures, and future outlook.
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About Tesla Inc.
Tesla Inc. is a leading manufacturer and innovator in the electric vehicle space, known for its cutting-edge technology and commitment to sustainable energy. As a pioneering force in the automotive industry, Tesla produces a range of electric vehicles (EVs), including sedans like the Model S, Model 3, and luxury SUVs such as the Model X and Model Y. Beyond automobiles, Tesla focuses on energy solutions through products like Solar Roof, solar panels, and energy storage systems with the Powerwall, Powerpack, and Megapack. Tesla plays a substantial role in the push towards reducing carbon emissions and advancing renewable energy. With a strong global footprint, the company is at the forefront of technological advancements in battery technology, autonomous driving, and artificial intelligence. The continuous expansion of its Supercharger network also supports sustainable transportation by providing accessible and efficient EV charging solutions worldwide. Founded in 2003 and headquartered in Palo Alto, California, Tesla is transformative in both the automotive and energy sectors, propelling the transition to greener technologies.
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