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this post was submitted on 30 Jan 2025
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Expensive luxury cars for rich people with over 30 thousand subsidy, and they will still lose money. Credits is the new Bitcoin.
That’s ok, I’m sure a big government bailout is on the horizon for JUST the struggling, American EV auto maker, because their CEO sucked the president’s dick the best.
They have $3.6B in free cash flow. This is just a decrease from last year, which was a record, to this year, a year in which new car sales outside of China are massively down everywhere.
Also remember that Tesla owns I think just shy of 10K Bitcoins that actually allowed its numbers this quarter by $600 million. And the way Trump has his minions pulling all crypto regulations look for Tesla to exploit it to the max going forward. Maybe they'll even buy some $TRUMP coins and announce $ELON coins for foreign entities looking to launder money destined for the White House.
Teslas are objectively trash. 1 out of 3 model 3s didn't pass the mandatory inspection in Denmark 4y after purchase which results in tje cars becoming very expensive paper weights given how expensive it is to repair the modal issues. I'm amazed these data weren't more divulged by media since they come from the Danish state.
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Good.
Net Profits: Dropped by 71% to $2.3 billion in Q4 2024.
Since when 2.4 billion net profit is terrible?
"Yes, we earned billions but it's actually less than the year before!" Dude, go out and touch some grass...
"Terrible" is just for attention, but the bit of news that would have cratered any other company's stock it that it's down 71% YOY. Plus:
Regulatory Credits: $2.8 billion of profit came from selling regulatory credits, not from core business activities.
People in the current administration have said they plan to end these credits in the coming months. Without them in 2024 Tesla would have reported a $500million loss for the year.
You misread the sheet slightly. The total profit for the year was $7.1 billion, of which $2.8 billion was renewable energy credits. I.e. their profit would have only been $4.3 billion.
Source on the killing of credits?
Those are California ZEV credits, and other similar non USA programs.
They're going to kill a lot of other things, but haven't heard about that yet.
This one is paywalled, but if you hit the firefox reader mode button quick enough you can bypass BI's content blocker.
Just on mobile now so can't read it all, but it did get the gist across, thanks! I hadnt seen that yet.
I still think they'd have to win a lawsuit against California saying California can't have the program?
Edit: as in I don't think they can just scrap it like he's scrapping other things via executive order.
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Since when 2.4 billion net profit is terrible?
Since Musk claimed in 2022 that a 50% growth per year would be normal for Tesla. And people are stupid enough to partially believe him. In January 2024 Musk promised 2024 would be a HUGE growth year, with autonomous RoboTaxi being launched in June. He claimed it’s LITERALLY only 5 months away!!!
https://fortune.com/2025/01/29/tesla-shares-rally-2025-earnings-growth/
Tesla Inc. revealed plans to begin robotaxi operations and forecast a sales recovery this year, fueling what Elon Musk predicted would be an “epic” period of growth for the electric vehicle maker.
Nothing he claimed or promised has come true. Quite the opposite.
You just glossed right over the "dropped by 71%" bit...since when is that not terrible? That's an incredible decrease in profits over the course of just 12 months.
71% drop in a single quarter is time for workers to start looking for other jobs bad. This was way before Elon's Nazi salute so expect things to get way worse. I'd be so embarrassed if I drove a Tesla.
When those profits come from carbon credits which means your main activity is still wildly unsustainable over a decade after the company being founded. Tesla is a massive investor bubble and their cars are objectively trash with failure rates 3x higher than the industry's worse. Tesla is garbage sustained by a massive collective illusion of US exceptionalism.
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It's bad because downward trends are bad, especially when the economy is growing.
Look at it this way: suppose you have a job with a decent salary. Your supervisor calls you in and says, "Well, looks like we're going to cut your pay next year". You ask, "Is the company in trouble? Is everyone getting a pay cut?" And they answer, "No, the company is growing. Most people are getting raises. Not you, though."
That's a bad sign.
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Receiving $2.4 billion is nice. But not if you had to pay $1265 billion (market cap) for the privilege.
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aims to grow automotive sales by more than 60% in 2025.
I think this is being reported incorrectly in a lot of places.
They said the new vehicles they're launching in H1 2025 will allow them to grow 60% to the 3 million capacity they have.
They did not say in 2025, but it looked like it could be interpreted as 2025 without saying it.
I think this is being reported incorrectly in a lot of places.
Elon Musk said his team expects “an epic end of year” for the company as it aims to maintain its 50% annualized growth rate.
I don't think you are aware how crazy Musk's promises are.
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Neat.
You can't base their company value on the stock market ... you base it on how much power and influence they have over government.
And judging by the amount of stupidly arranged love affair they are having with the government .... they should be very highly valued.
No, you base company value on its current and future earnings.
All that government influence is useless if people stop buying your products. And it turns out lots of people don't want to buy products associated with Musk.
Not in this world.
People will be pushed to buy the products. Patriotism, xenophobia, lies, economic fear and tariffs, straight up government manipulation and collusion.
That’s the value Elon has, Zuck is jealous of, Tesla and the shareholders will benefit from, and the people allow.
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Tesla’s share price increased by 103% over the same period.
It's funny when people cry about crypto being a scam when the entire "economy" is a casino based on genocide tokens.
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So they are making bank on storage and energy, but they are allowing Trump and the EPA to ruin it? Also he makes electric vehicles and Trump and Co are trying to bring back gas guzzlers and straight pipes. Hmmm. I think Elons mouth wasn't sufficiently moist enough for trump.