Tesla (TSLA) will release its Q4 2024 and full-year 2024 financial results on Wednesday, Jan. 29, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results.
Here, we’ll look at what the street and retail investors expect for the quarterly results.
Tesla Q4 2024 deliveries
While Elon Musk and his loyal shareholders like to say that Tesla is now an AI/Robotics company, the company’s automotive business still drives its financials.
Earlier this month, Tesla disclosed its Q4 2024 vehicle production and deliveries:
Category
Production (units)
Deliveries (units)
Operating Lease Accounting (%)
Model 3/Y
436,718
471,930
5
Other Models
22,727
23,640
6
Total
459,445
495,570
5
This quarter, deliveries came significantly deliveries below Wall Street’s expectations.
Now that energy storage is starting to contribute to Tesla’s revenue more meaningfully, the company has also started sharing deployment in its quarterly delivery and production numbers.
This quarter, Tesla confirmed that it deployed 11 GWh of energy storage through its Megapack and Powerall products – a new record.
Tesla Q4 2024 revenue
For revenue, analysts generally have a pretty good idea of what to expect, thanks to the delivery numbers, and now the energy storage deployment data.
However, things have been increasingly difficult as Tesla’s average price per vehicle is changing frequently these days due to frequent price cuts and discounts across many markets.
Analysts had to readjust over the last few weeks after Tesla’s deliveries came under their expectations. Now, they also have to account for energy storage, which achieved a new record. Energy storage revenues should achieve a new record, but maybe not as high as some believe because Tesla has cut Megapack prices over the last year.
The Wall Street consensus for this quarter is $27.224 billion, and Estimize, the financial estimate crowdsourcing website, predicts a slighty higher revenue of $27.230 billion.
Here are the predictions for Tesla’s revenue over the past two years, with Estimize predictions in blue, Wall Street consensus in gray, and actual results are in green:
Last quarter, Tesla missed on revenue, but they are expected to be higher this quarter while the expectations are reasonable.
Tesla Q4 2024 earnings
Tesla always attempts to be marginally profitable every quarter as it invests most of its money into growth, and it has been successful in doing so over the last three years.
Like revenues, it has been harder to estimate earnings over the last few years, with price cuts and subsidized loans reducing Tesla’s industry-leading gross margins.
Q4 is also often different because Tesla generally accumulates and sell more ZEV credits, which can significantly boost its earnings.
For Q4 2024, the Wall Street consensus is a gain of $0.77 per share and Estimize’s crowdsourced prediction is a little higher at $0.79.
Here are the earnings per share over the last two years, where Estimize predictions are in blue, Wall Street consensus is in gray, and actual results are in green:
Last quarter, Tesla had a significant beat in EPS compared to expectations due to lower costs, which was surprising because the company had guided higher costs just a few months prior.
Other expectations for the TSLA shareholder’s letter and analyst call
Unsurprisingly, they want to know about the latest unsupervised self-driving timelines and Optimus, which Musk has framed as the programs that will turn Tesla into “the world’s most valuable company.”
I would hope that some shareholders and Wall Street analysts would ask how Musk’s decent into madness is affecting the company, but I don’t want to get my hopes up.
In reality, the main thing that could drive Tesla’s share price up from comments or statements made during the earnings are related to the new cheaper models based on Model 3/Y that Tesla is supposed to launch in the coming months.
They are the only thing right now that can turn Tesla’s automotive business back to growth.
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Kia’s electric van, the PV5, set a new Guinness World Record after driving over 430 miles on a single charge… with its max payload.
Kia’s electric van sets a new Guinness World Record
Who said electric vans couldn’t get the job done? Kia’s electric van just broke the Guinness World Record for the greatest distance travelled by a light-duty battery-powered electric van with maximum payload.
Powered by a 71.2 kWh battery, the Kia PV5 Cargo drove 430.84 miles (693.38 km) on a single charge. Even more impressive, it was carrying a full load. The electric van lasted nearly two days, covering 22 hours and 30 minutes of driving without charging.
Kia’s record-breaking run took place on September 30, 2025, in Frankfurt, Germany, using an unmodified PV5 Cargo L2H1 model.
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The route was specifically designed to replicate real-world scenarios. Kia said the electric van covered over 36 miles (58.2 km) in the city, navigating traffic lights, intersections, and roundabouts, with typical city traffic. It also achieved an elevation gain of about 1,200 ft (370 meters).
Kia PV5 Cargo sets new Guinness World Record
Kia’s electric van completed the loop 12 times while carrying its max payload, finally coming to a stop on the twelfth run.
“Even if Kia is new to the LCV market, this record is a testament to the versatility and innovation behind Kia’s first PBV, showing that we are serious contenders,” Kia’s European boss, Marc Hedrich, said.
Christopher Nigemeier, Senior Engineer at Hyundai Motor Europe Technical Center, in the PV5 during the GUINNESS WORLD RECORD attempt (Source: Kia)
The fact that it ran for almost two full working days on a single charge, “speaks volumes about its real-world capabilities,” Hedrich added.
According to Kia’s internal tests, adding 220 lbs (100 kg) of payload reduces the PV5’s range by only around 1.5%.
Marc Hedrich, President & CEO at Kia Europe (left), with Joanne Brent, GUINNESS WORLD RECORD adjudicator (right) Source: Kia
The PV5 is a midsize electric van and Kia’s first dedicated model from its new Platform Beyond Vehicle (PBV) business. It’s built on Hyundai’s E-GMP.S architecture. The flexible EV platform supports several variants.
Kia currently sells the PV5 in Passenger (for personal use) and Cargo (for businesses). Over the next few years, it plans to introduce seven body types, including Light Camper, Wheelchair Accessible, and open-bed models.
The PV5 Cargo offers up to 4.4 m3 of load space and a max payload of 1,740 lbs (790 kg). It’s available with two battery pack options: 51.5 kWh or 71.2 kWh, with WLTP driving ranges of 184 miles and 258 miles, respectively.
Kia plans to launch additional electric vans, including the larger PV7 in 2027 and the even bigger PV9, due out around 2029.
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The school bus experts at Thomas Built have just released the first all-electric, square-bodied Type D school bus in the company’s storied history – and they’ve given their new bus a friendly, pun-tastic name. Kids, meet Wattson!
Properly called the Saf-T-Liner eHDX2 Wattson, this latest transit-style Type D bus from North Carolina-based Thomas Built combines a flat front, high seating capacity, and superior driver visibility with clean, quiet, electric power from Cummins Accelera.
“Wattson represents our next step in electrification,” said TJ Reed, president and CEO of Daimler Truck Specialty Vehicles. “(Wattson) reflects our belief that the best electric solutions are the ones that feel familiar, fit within your fleet and are built to last. That’s what we’ve heard from our customers, and that’s what we’re delivering.”
And, because Wattson is based heavily on Thomas Built’s existing Type D body, schools’ preferred upfitting solutions should bolt right in. “We know electrification can feel like a big step,” continued Reed. “With Wattson, we’re making that step easier by giving districts a familiar Type D solution they already trust – now in electric.”
Wattson is available for order now, with first deliveries scheduled for early 2026. The bus is capable of 120 kW DC fast charging, and is V2G capable.
Here’s hoping all our kids’ schools have a chance to trade in their gross diesel school bus for something like Thomas Built’s Wattson sooner than later.
SOURCE | IMAGES: Thomas Built.
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Electric vehicles are known for plugging in – but one startup wants them to simply soak up the sun instead. Bako Motors is building compact electric cars and cargo vans with solar panels on the roof, letting them charge directly from sunlight and cut their dependence on wall sockets altogether.
It’s not an entirely novel idea. But unlike flashy startups like Aptera, Bako is approaching it with an actually commercially viable solution. And now the company is joining several other African-based EV makers hoping to help the continent leapfrog its way towards more sustainable transportation.
While most EVs still rely on grid charging – often from a fossil-fuel-heavy mix in Africa – Bako’s small vehicles can harvest free energy straight from the sky. According to founder and CEO Boubaker Siala, the roof-mounted solar cells can provide more than half of a vehicle’s daily energy needs. For its commercial model, the B-Van, that translates to about 50 km (31 mi) of solar-assisted driving per day, or roughly 17,000 km (10,500 mi) per year without ever plugging in.
Of course, drivers do still have the option of plugging into an EV charger to top up the battery more quickly, but soaking up extra sun all day may mean that many owners can get away with infrequent grid-charging stops.
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The B-Van can haul up to 400 kg (882 lb) of cargo and offers 100–300 km (62–186 mi) of total range, starting at around US $8,500. Its smaller sibling, the Bee, is a two-seat urban runabout with 70–120 km (44–75 mi) of range and a 44 km/h (27 mph) top speed, priced from US $6,200. A third model, the X-Van, is now on the drawing board with space for two passengers and extra cargo.
More than 40% of Bako’s parts are sourced locally – including the steel for the frame and lithium-iron-phosphate batteries – creating jobs while reducing import costs. A second, larger factory is set to open in 2026, boosting capacity to 8,000 vehicles per year for Africa, the Middle East, and Europe.
By combining affordability, local manufacturing, and solar charging, Bako Motors is carving out a niche that fits Africa’s climate and infrastructure realities. In a market where range anxiety and unreliable grids still hold many buyers back, these sun-sipping EVs might just be the independence-promoting solution that drivers need.
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