Tesla (TSLA) releases Q4 2024 results: big miss on revenue and earnings

Tesla (TSLA) released its financial results and shareholders letter for the fourth quarter (Q4) and full-year 2024 after market close today.

We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.

Tesla Q4 2024 earnings expectations

As we reported in our Tesla Q3 2024 earnings preview yesterday, the Wall Street consensus for this quarter was $27.224 billion in revenue and earnings of $0.77 per share.

Now, did Tesla meet, beat, or miss the expectations?

Tesla Q4 2024 financial results

Just after the market close today, Tesla released its financial results and confirmed that it did miss expectations with earnings of $0.73 per share (non-GAAP) and it missed revenue expectations with $25,707 billion during the last quarter.

That’s significantly below expectations and triggered a 5% drop in Tesla’s share price after the results were released. The stock has since recovered.

Tesla’s gross profits were down 6% year-over-year in Q4. That’s despite selling more regulatory credits.

For the full-year 2024, Tesla’s earnings per share is down 22% despite many seeing Tesla as a “growth stock”:

The silver lining is that while growth has gone away, Tesla remains profitable and has grown its cash stack to $36.6 billion.

We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):

Here’s Tesla’s Q4 2024 shareholder presentation in full:

Here’s Tesla’s conference call for the Q4 2024 results: