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Tesla Q4 2024 earnings call: figures, developments and outlook

Tesla Q4 2024 earnings call: figures, developments and outlook

Tesla presented its business results for the fourth quarter of 2024 and provided exciting insights into current finances, future products and technological advances. In addition to the record results, the focus was also on autonomous driving, Optimus and further investments in artificial intelligence. Here are the most important insights from the earnings call.

Tesla Financial results: Solid growth despite challenges

Tesla In the fourth quarter of 2024, the company recorded total sales of 25.7 billion US dollarswhich corresponds to an increase of 2% compared to the same period of the previous year. Vehicle deliveries also reached a high level of over 495,000 units delivered a new record. The Model Y continues to hold its own as the world's best-selling vehicle.

Despite these positive developments, operating income fell to 1.6 billion US dollarswhich corresponds to a decrease of 23 %. The reasons for this include lower average selling prices (ASP) and investments in research and development, particularly in the areas of Autonomous driving and AI.

Another financial bright spot: Tesla has 36.6 billion US dollars in free cash and cash equivalentswhich gives the company considerable scope for future investments.

Key financial highlights from Q4 2024:

  • Turnover: USD 25.7 billion (+2% year-on-year)
  • Operating profit: USD 1.6 billion (-23% year-on-year)
  • Record deliveries: 495,000 vehicles in Q4 2024
  • Free cash and cash equivalents: 36.6 billion US dollars (+2.9 billion US dollars compared to 2023)

Production and delivery: a strong quarter for Tesla

Tesla reached 2024 with over 2 million vehicles delivered a new milestone, exceeding previous forecasts. It is particularly noteworthy that production costs per vehicle have fallen further and are now below 35,000 US dollars per vehicle.

An important point for the production strategy: Tesla wants from February a revised version of the Model Y will be produced in all plants. During this changeover, there may be temporary fluctuations in production.

In addition to vehicles, the energy storage business is also growing: Tesla could 11.0 GWh of energy storage systems deliveredwhich represents a new record. Demand for products such as the Powerwall and Megapack continues to outstrip supply.

Autonomous driving: The next big step for Tesla

One of the most important topics of the earnings call was the further development of the Full Self-Driving (FSD)-system. Tesla is working intensively on the introduction of Unsupervised FSDa version that no longer requires human intervention.

Milestones planned for 2025:

  • June 2025: Unsupervised FSD testing in Austin, Texas, as the first commercial robotaxi fleet
  • 2026: Tesla-Owners should be able to integrate their vehicles into the FSD Robotaxi network
  • Europe: Tesla Hopes that FSD will be approved by EU regulators in mid-2025

Elon Musk emphasized once again that FSD is already 8.5 times safer than human drivers than human drivers. With the version FSD V14 further improvements are expected.

Another important detail: customers who have previously purchased FSD will receive free hardware upgradesto remain compatible with the latest software. This is especially important for owners of vehicles with Hardware 3 (HW3) relevant.

Tesla Optimus: The humanoid robot becomes reality

In addition to autonomous vehicles Tesla also wants to develop the market for humanoid robots revolutionize the market for humanoid robots. Optimus, the AI-controlled Tesla-robot, is expected to be available as early as 2025 in Tesla-factories by 2025.

Important information about Optimus:

  • First commercial use in Tesla-factories from 2025
  • Tesla plans a production of up to 10,000 units per year
  • The robot will be used for repetitive or hazardous work
  • Long-term goal: annual production in the million range

Cybertruck, Semi & new Tesla-models: What's next?

Cybertruck

  • Production started at the end of 2023, capacity is now being ramped up
  • Deliveries are underway, Tesla continues to optimize production.

Tesla Semi

  • The first large Tesla Semi production facility will be completed in 2025.
  • Mass production is expected to ramp up at the end of 2025/beginning of 2026.

New, more affordable Tesla-model

  • Tesla is still working on a more affordable model.
  • According to Musk, it will be launched on the market in 2025 or early 2026.
  • This vehicle should further strengthen the mass market dominance.

Outlook for 2025: investments in AI and production

Tesla relies heavily on Investment in artificial intelligenceautonomous driving and robotics. 2025 will be a crucial year in which many of these innovations should be ready for the market. The most important goals:

  • Unsupervised FSD from mid-2025
  • Mass production of Optimus from 2025
  • New Teslamodel as a mass-produced vehicle
  • Further expansion of energy storage production

Elon Musk expressed his optimism: "Tesla has the potential to become the most valuable company in the world - far ahead of any other corporation."

Conclusion: Tesla remains a pioneer in the automotive and tech world

Tesla has once again delivered strong results despite economic challenges and high competitive pressure. The investments in autonomy, robotics and energy storage show that Tesla is not just a car manufacturer, but a technology company of the future. With new innovations and record deliveries Tesla the company that is shaping the mobility of tomorrow.

Keywords:

Tesla, Tesla Model Y, Tesla Model 3, Tesla Accessories, Tesla Store, Shop4Tesla, Tesla News, Tesla Financial results, Q4 2024, Tesla Earnings Call, Full Self-Driving, FSD, autonomous driving, Tesla Optimus, Tesla Robotaxi, Tesla AI, Cybertruck, Tesla semi, Tesla energy storage, Tesla production, Elon Musk

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