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Tesla Q4 and FY 2024 Update [pdf]
- chollida1 2y agoTO Watch - any mention of cutting of US EV credits, - predicted move by options is 7%, which is small by Tesla standards - any mention of how much time Elon spends at Tesla - any mention of Mexico plant, maybe tell us what Musk thinks of tariff chances on Mexico - any cybercab tangible news Numbers - Q4 EPS $0.73 est $0.75 - Q4 Operating Income %1.58B, Est $2.68B, wtf here? - Revenue from regulatory credits is $692 million - Q4 auto gross margins ex regulatory credits is 13.6%, this is low for Telsa and probably related to them blowing out old inventory - relatedly revenue per vehicle ex credits dropped below $40,000 for the first time. - credits and other income make up half of Telsa's earnings - digital assets listed as $1.1B on their balance sheet Notable - record for deliveries in China - more affordable models on track for 1H25 - claiming new models will be built on same lines as existing cars to help efficiencies - claiming they can build up to 3M cars, - cyber cab now a 2026 item - a big part of other income was energy generation - Shanghai mega factory finished in Dec and will start producgin vehicles
- generj 2y agoWild to miss earnings as a growth stock but the market still values Tesla as a hyper growth stock.