LIVE: TESLA Q4 EARNINGS REPORT COVERAGE AND ANALYSIS Q4-24

EV Channels Review

This video provides a live analysis of Tesla's Q4 2024 earnings report and shareholder letter. The presenter, Rob Maurer, highlights key financial metrics, including revenue, gross profit, and earnings per share, comparing them against analyst consensus. A significant point of discussion is the impact of a $600 million mark-to-market gain on digital assets, which boosted the EPS closer to expectations, masking potentially weaker core business numbers. The report notes record vehicle deliveries and energy storage deployments, with the Model Y expected to remain the best-selling vehicle globally. However, automotive revenues and operating margins came in below expectations. The presenter expresses concern over a shift in language regarding new vehicle launches, suggesting a potential delay in more affordable models. Key areas of focus for the future include the progress of Full Self-Driving (FSD) and the ramp-up of new products and manufacturing capacity, particularly the Shanghai Mega Factory. The energy business showed strong growth, achieving record gross profit. The outlook suggests a return to growth for the vehicle business in 2025, with energy storage deployments expected to grow by at least 50%.