Tesla’s 2024 financial results are out—and they’re terrible

[danc4498@lemmy.world]

Exclusive contracts at 20% mark up. Can’t wait for all police vehicles to switch over to teslas.

[flowvoid@lemmy.world]

I'm sure that Musk hopes that "people will be pushed to buy" his products.

But so far, that plan isn't working. In fact it's backfiring, people are running away from his products.

[gradually_adjusting@lemmy.world]

Right. So anyway, the market does often appear oversensitive to buzz and under-responsive to fundamentals. What's your take on market reforms? Are there any changes you'd like to see, regulatory or otherwise?

[viperactual@sh.itjust.works]

several key points highlighted

Lists nearly a dozen items

[samus12345@lemm.ee]

The MAGA crowd hates just about everybody. The last time they did anything of note was the 1/6 insurrection, and that was with the help of Dear Leader.

[flowvoid@lemmy.world]

I don't care if the market is under responsive to fundamentals. That just means some investors are exercising poor judgment and paying too much attention to irrelevant factors. It also gives an opportunity to investors with better judgment.

[homesweethomemrl@lemmy.world]

which means your main activity is still wildly unsustainable over a decade after the company being founded.

Oh so it is an AI company then.

[splinter@lemm.ee]

You are. Without the EV credits, Tesla would have folded years ago.

[splinter@lemm.ee]

You misread the sheet slightly. The total profit for the year was $7.1 billion, of which $2.8 billion was renewable energy credits. I.e. their profit would have only been $4.3 billion.

[gradually_adjusting@lemmy.world]

Do you get why this is starting to feel very circular? If not, please don't trouble yourself to respond. Sincerely.

[crystalmerchant@lemmy.world]

Yes you are understanding that correctly. For producing EVs, they get credits from the federal government. I don't know the exchange rate -- e.g., how many EVs per credit.

Then, Tesla turns around and sells these credits to buyers, usually other companies. Companies buy these credits from Tesla to comply with regulations requiring certain environmental outcomes, and credits count towards these outcomes.

In theory this type of program incentivizes and rewards companies who invest in the technology(is) tied to these credits, in this case EVs. In practice it's a way for other companies to comply with renewables regulations without actually doing anything to meaningfully reduce their impact and footprint (other than buying credits)

[flowvoid@lemmy.world]

I'm not sure what you mean.

You seem to be starting with the assumption that market prices should reflect fundamentals, and questioning why they don't. But why do you assume that?

[rogue@feddit.uk]

So it's a government subsidy at no cost to the government, funded instead by other companies? That's actually quite a neat idea

[techanon@lemm.ee]

71% drop in a single quarter is time for workers to start looking for other jobs bad. This was way before Elon's Nazi salute so expect things to get way worse. I'd be so embarrassed if I drove a Tesla.

[buffalox@lemmy.world]

https://fortune.com/2025/01/29/tesla-shares-rally-2025-earnings-growth/

Tesla shares rally on pledge to return to growth in 2025

Continuing the bullshit from 2022, where Musk promised a typical year would have growth of 50!!

Tesla plans to launch its autonomous ride-hailing service in Austin in June

Hows that going Elron?

“This is not some far off mythical situation,” Musk said on the company’s call with analysts. “It’s literally five months away.”

So it's been LITERALLY running for more than a half year now? Or is it still a no show, like the 7 previous years FSD should have been here?

We can do this TODAY.

He has said that so many times, on so many things, and it's always a lie. FSD, Convoys of trucks that are cheaper than trains! Tesla being able to park. which it still can't do reliably. And this is the very beginning of the claim that a Tesla can drive across the country (USA) to pick you up!

Did ANYONE believe his bullshit ever, do people believe he will build a manned base on Mars eventually? A base that should have been up and running I think it was 2022!!!

How is this man not in jail?

Oh right, probably much the same way Trump is not in jail. USA is an oligarchy moving towards a fascist dictatorship!!

[buffalox@lemmy.world]

Since Musk claimed in 2022 that a 50% growth per year would be normal for Tesla. And people are stupid enough to partially believe him.
In January 2024 Musk promised 2024 would be a HUGE growth year, with autonomous RoboTaxi being launched in June. He claimed it's LITERALLY only 5 months away!!!

https://fortune.com/2025/01/29/tesla-shares-rally-2025-earnings-growth/

Tesla Inc. revealed plans to begin robotaxi operations and forecast a sales recovery this year, fueling what Elon Musk predicted would be an “epic” period of growth for the electric vehicle maker.

[shepherdpie@midwest.social]

It's not EV credits it's "cap and trade" carbon credits that they're selling.

[buffalox@lemmy.world]

Since when 2.4 billion net profit is terrible?

Since Musk claimed in 2022 that a 50% growth per year would be normal for Tesla. And people are stupid enough to partially believe him.
In January 2024 Musk promised 2024 would be a HUGE growth year, with autonomous RoboTaxi being launched in June. He claimed it’s LITERALLY only 5 months away!!!

https://fortune.com/2025/01/29/tesla-shares-rally-2025-earnings-growth/

Tesla Inc. revealed plans to begin robotaxi operations and forecast a sales recovery this year, fueling what Elon Musk predicted would be an “epic” period of growth for the electric vehicle maker.

[wispy2891@lemmy.world]

I think it's from Europe. Car manufacturers in Europe must sell at least n ev every year. Stellantis, that was asleep at the wheel and only has undesirable EVs that don't sell, is paying billions to Tesla to make a fictitious alliance, so they will meet the sales target and won't pay the fine

[realitista@lemm.ee]

The CEO is too busy playing social media edgelord. I guess when you blow up a company to the point where it will pop, you have to go into politics to change the laws to make it more profitable.