Tesla’s 2024 financial results are out—and they’re terrible
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Teslas are objectively trash. 1 out of 3 model 3s didn't pass the mandatory inspection in Denmark 4y after purchase which results in tje cars becoming very expensive paper weights given how expensive it is to repair the modal issues. I'm amazed these data weren't more divulged by media since they come from the Danish state.
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Declining profitability is good for the share price, right?
The good news is value investors are out, pump and dumpers are in! Stock price to the moon!
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Also remember that Tesla owns I think just shy of 10K Bitcoins that actually allowed its numbers this quarter by $600 million. And the way Trump has his minions pulling all crypto regulations look for Tesla to exploit it to the max going forward. Maybe they'll even buy some $TRUMP coins and announce $ELON coins for foreign entities looking to launder money destined for the White House.
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That but also removing green subsidies helps Tesla as it's further ahead than other electric car rivals. Also, less safety regulations likely brings it closer to fully autonomous driving.
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I'm glad for them.
they don't make electric vehicles. they make human sized battery powered over engineered poorly designed toys that were somehow street legal.
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It's bad because the company is bad and they should collapse, not continue on.
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aims to grow automotive sales by more than 60% in 2025.
I think this is being reported incorrectly in a lot of places.
They said the new vehicles they're launching in 2025 will allow them to grow 60% to the 3 million capacity they have.
They did not say in 2025. But it looked like it meant 2025.
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Value investors don't invest in Tesla, so you should not expect its share price to reflect fundamentals.
But they do invest in stocks like Coca Cola and American Express, so you should expect the share prices of those companies to better reflect fundamentals.
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Source on the killing of credits?
Those are California ZEV credits, and other similar non USA programs.
They're going to kill a lot of other things, but haven't heard about that yet.
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When you know you're going to get a billion dollars in credits for something, you plan your business around having those billion credits.
You sell cars cheaper, you expand faster, you try new ideas you might not have tried.
Tesla hasn't needed those credits for a very long time now, but if they are there, of course they're going to take as full advantage of the situation as they can.
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This one is paywalled, but if you hit the firefox reader mode button quick enough you can bypass BI's content blocker.
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Just on mobile now so can't read it all, but I still think they'd have to win a lawsuit against California saying California can't have the program?
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You just glossed right over the "dropped by 71%" bit...since when is that not terrible? That's an incredible decrease in profits over the course of just 12 months.
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Not in this world.
People will be pushed to buy the products. Patriotism, xenophobia, lies, economic fear and tariffs, straight up government manipulation and collusion.
That’s the value Elon has, Zuck is jealous of, Tesla and the shareholders will benefit from, and the people allow.
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Expensive luxury cars for rich people with over 30 thousand subsidy, and they still lose money. But, hey, credits is the new Bitcoin.
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That's just another way of saying buyer sentiment is the only thing that matters, in which case we're back to square one.
