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...
this post was submitted on 30 Jan 2025
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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.
When you know you're going to get a billion dollars in credits for something, you plan your business around having those billion credits.
You sell cars cheaper, you expand faster, you try new ideas you might not have tried etc.
Tesla hasn't needed those credits for a very long time now, but if they are there, of course they're going to take as full advantage of the situation as they can.
If the credits had stopped around when Tesla didn't need them anymore, I'm sure they would look very different than today, but they'd still be around and profitable.
Tesla would never exist in a capitalist system. Their business model is wholly predicated on government subsidies and carbon credits. Furthermore, the hen has come home to roost and their cars, like I linked above, are just bougie expensive paper weights sold by the biggest con man in history. If I was buying electric tomorrow, I'd even look at Volkswagen before considering a Tesla. I want my cars to last more than 4y, not try to kill me, and, I don't like to pay extra for vapoware. If anything, the fact Tesla still exists, is testament we no longer live in a capitalist system but in an oligarchy where companies selling snake oil can still have high valuation because they are close to the ~~N*%i Party~~ party in power. Looking at Teslas's results and seeing the carbon credit weight on their fundamentals and looking at the speed BYD is expanding, only Authoritarianism can save them from bankruptcy already in 2025. Luckily, their CEO just helped bring about the 4th reich, so they are fine, just don't pretend it's because it's a solid enterprise, it's anything but.
which means your main activity is still wildly unsustainable over a decade after the company being founded.
Oh so it is an AI company then.
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.
It's bad because the company is bad and they should collapse, not continue on.
Receiving $2.4 billion is nice. But not if you had to pay $1265 billion (market cap) for the privilege.
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Neat.
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.
That's from 2022. They made no such guidance for 2025 as I stated. I stand by statement that I believe people are misinterpreting what was written and it was not about 2025, simply where the new vehicles will get them at some undefined point in the future.
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.
I'm sure that Musk hopes that "people will be pushed to buy" his products.
But so far, that plan isn't working. In fact it's backfiring, people are running away from his products.
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.
I'm glad for them.
they don't make electric vehicles. they make human sized battery powered over engineered poorly designed toys that were somehow street legal.