Hot on xem phim ng??i ??p gangnamthe heels of Elon Musk's dire email to X employees about how the social media platform is "barely breaking even," another one of Musk's companies had some concerning news to share.
On Wednesday evening, Tesla shared its latest earnings report, covering Q4 of 2024. According to Tesla, the EV company brought in $25.7 billion in total revenue over the final months of last year.
SEE ALSO: Tesla stock slides after first-ever delivery dropThose Q4 2024 revenue numbers actually show a nearly two percent increase when compared to the same quarter in 2023.
However, while revenue is up, net income is down. Way down.
According to Tesla's quarterly report, the company made $2.3 billion in net income in Q4 2024. Net income is the amount the company actually made after subtracting its expenses from its revenue total. That's a whopping 70 percent decrease in net income compared to Q4 2023.
As The Vergepoints out, Tesla's net income for the final quarter of 2023 was buoyed by a "one-time non-cash tax benefit of $5.9 billion."
SEE ALSO: Elon Musk admits that Tesla will have to replace old computers for FSD buyersWhile Tesla's automotive sales rose by two percent year over year, a good chunk of its profit comes from selling regulatory credits to other car companies. These credits are purchased so that those automakers can meet emissions standards. Tesla receives these credits for free and essentially sells them to others at 100 percent profit.
Tesla made $692 million from the sale of regulatory credits in Q4 2024, up from the $433 million from selling credits during the same period in the year prior.
Musk's EV company made $2.8 billion in 2024 from the sale of these regulatory credits, which is more than its net profit for this entire quarter.
President Donald Trump and Republicans in Congress have said that they want to repeal the regulations that allow Tesla to receive these credits. As of now, it's unclear if and when they plan to do so.
Topics Electric Vehicles Tesla Elon Musk
JACL Opposes Nomination of Kathy Kraninger to Lead Consumer Financial Protection Bureau
NYT Connections hints and answers for May 29: Tips to solve 'Connections' #718.
Best AirTag deal: Save 14% on the Apple AirTag
PlayStation 5 Pro is $50 off for Days of Play 2025
Kizuna Launches Search for New Executive Director
Real Betis vs. Chelsea 2025 livestream: Watch Conference League final for free
NASA's Mars Curiosity rover spots rocks resembling fingers
Best Fire Stick deal: Save $15 on Amazon Fire Stick HD
‘The JA Citizen Isolation Centers of WWII’ at USC
CATL partners with China’s Changan to boost battery swap business · TechNode
Keiro Launches Grants Program with Focus on Social Isolation Among Older Adults
Monfils vs. Draper 2025 livestream: Watch French Open for free
Boeing Starliner arrives at ISS
NYT Connections Sports Edition hints and answers for May 29: Tips to solve Connections #248
Chu to Outline People’s Platform at Multimedia Program at JACCC
Tesla Supercharging info now shows up as Live Activity on iPhone
Elon Musk: Tesla is testing driverless robotaxis in Austin ahead of schedule
Alibaba's DingTalk platform announces Hong Kong launch · TechNode
Federal Judge Denies Tule Lake Committee’s TRO Motion
Alibaba's DingTalk platform announces Hong Kong launch · TechNode
Seattle Sounders vs. Cruz Azul 2025 livestream: Watch Concacaf Champions Cup for freeBaked by Melissa free cupcakes: How to get free cupcakes on March 7The Sound and the “Furious”Vancouver Whitecaps vs. Monterrey 2025 livestream: Watch Concacaf Champions Cup for freeSXSW movies (and shows) you need to know aboutBest Apple deal: Save $50 on AirPods Pro 2Against FearI compared Sesame to ChatGPT voice mode and I'm unnervedTime to UniteA worthless juicer and a Gipper-branded server Wandavision: What to know about the Pietro paradox Netflix's 'Behind Her Eyes' is an unpredictable mystery thriller with a dark twist ACLU's virtual postcards urge Biden to reunite separated families Terrifying drone image of Australian bushfire takes top prize in wildlife photo contest The story behind Meghan Markle and Prince Harry's pregnancy announcement Facebook says it'll ban anti China's Tianwen1 probe beams back a fresh look at the planet Mars Clubhouse issues security update over Chinese data Lyft and Uber saw increased use among essential workers in 2020 'Buffy' star Charisma Carpenter details mistreatment from Joss Whedon
0.1463s , 8173.4921875 kb
Copyright © 2025 Powered by 【xem phim ng??i ??p gangnam】Enter to watch online.Tesla profits dropped by 70 percent last quarter,Global Perspective Monitoring
