According to the results of the quarter, Tesla reduced net profit by 70 %, but prepares more affordable electric cars

At the beginning of the month, it became known that Tesla last year for the first time reduced the volume of supplies of electric vehicles, albeit by only 1 %. The quarterly report published this week made it possible to find out that the company’s net profit sank by 70 %, although the revenue itself increased by 1.9 % in an annual comparison.

Image Source: Tesla

To be more accurate, Tesla’s quarterly revenue increased to $ 25.7 billion, and the company’s net profit decreased to $ 2.3 billion. Analysts hoped that Tesla revenue would reach $ 27.26 billion, but these expectations were not destined to come true. According to the results of only 2024, Tesla revenue from the sale of electric vehicles decreased by 6 % to $ 77.1 billion. The total revenue for the year amounted to $ 97.7 billion, the amount of net profit reached $ 7.1 billion. Operating profit submitted by 2024 by 20 % .

One way or another, the company remained profitable and increased the supply of free funds to $ 36.6 billion. A quarter of net profit of the company in the fourth quarter amounted to regulatory loans in the amount of $ 692 million. According to the results of the whole year, revenue from their sale reached $ 2.8 billion, but under Trump The ability to sell them will be very limited.

According to representatives of Tesla, the cost of the company’s implemented electric car was on average lower below $ 35,000, which is the minimum value in the history of the manufacturer. This improvement was achieved by a favorable conjuncture of raw materials prices. By the end of this year, Tesla intends to present more affordable electric vehicles. Their production should start in this half -year at existing enterprises, but using elements of a promising platform.

The extension of computing power is used by Tesla to improve the branded autopilot, last year this progress was measured by an increase of 400 %. By the end of the year, the company expects to open access to the full Autopilot of the FSD, as well as launch a taxi robotic service in certain areas of the United States. Residents of China and Europe will also be offered.

It is curious that Tesla is still counting on the growth of the popularity of electric pickups Cybertruck. The leadership connects such hopes with the model entering the US subsidization program, which will lower the final cost for customers by $ 7500, but it is important to consider that Donald Trump is preparing this program. According to the results of this year, Tesla expects to return to growth in the volume of sales of electric vehicles, thanks to the appearance of more affordable models and the long -awaited launch of the “full autopilot FSD”. Elon Musk said that in the second quarter of the FSD in its full form it will become available in California and Texas already in the next quarter.