Hot on Watch Daddy Issues xxx movie 5 (2016)the heels of Elon Musk's dire email to X employees about how the social media platform is "barely breaking even," another one of Musk's companies had some concerning news to share.
On Wednesday evening, Tesla shared its latest earnings report, covering Q4 of 2024. According to Tesla, the EV company brought in $25.7 billion in total revenue over the final months of last year.
SEE ALSO: Tesla stock slides after first-ever delivery dropThose Q4 2024 revenue numbers actually show a nearly two percent increase when compared to the same quarter in 2023.
However, while revenue is up, net income is down. Way down.
According to Tesla's quarterly report, the company made $2.3 billion in net income in Q4 2024. Net income is the amount the company actually made after subtracting its expenses from its revenue total. That's a whopping 70 percent decrease in net income compared to Q4 2023.
As The Vergepoints out, Tesla's net income for the final quarter of 2023 was buoyed by a "one-time non-cash tax benefit of $5.9 billion."
SEE ALSO: Elon Musk admits that Tesla will have to replace old computers for FSD buyersWhile Tesla's automotive sales rose by two percent year over year, a good chunk of its profit comes from selling regulatory credits to other car companies. These credits are purchased so that those automakers can meet emissions standards. Tesla receives these credits for free and essentially sells them to others at 100 percent profit.
Tesla made $692 million from the sale of regulatory credits in Q4 2024, up from the $433 million from selling credits during the same period in the year prior.
Musk's EV company made $2.8 billion in 2024 from the sale of these regulatory credits, which is more than its net profit for this entire quarter.
President Donald Trump and Republicans in Congress have said that they want to repeal the regulations that allow Tesla to receive these credits. As of now, it's unclear if and when they plan to do so.
Topics Electric Vehicles Tesla Elon Musk
Best headphones deal: Save up to 51% on Beats at Amazon
House of Marley's attempt at sustainable earbuds has one big flaw
Streaming services guide 2019: Disney+, Apple TV+, HBO Max, and more
IKEA releases plans for a spherical garden you can build with tons of plywood and lots of patience
Best Apple deal: Save $60 on the Apple Watch SE
Fox News anchor blasts Trump for calling media 'enemy of the American people'
The many tech fails of cursed muppet Rudy Giuliani
Dozens of companies in China have filed trademark claims on Ivanka Trump's name
NYT Connections Sports Edition hints and answers for April 26: Tips to solve Connections #215
9 'Game of Thrones' ancestors who might star in 'House of the Dragon'
Amazon Big Spring Sale 2025: Best portable speaker deal
Here's a bunch of politicians 'dancing' to Daft Punk, and you're welcome
Facebook is testing encrypted video and audio calls
Uber CEO's memo on diversity could use a fact checker
Watch how an old Venus spacecraft tumbled before crashing to Earth
Chinese hackers infect carriers to steal SMS messages
Sad internet boy Elon Musk decides to log off. Again.
#HurtBae's message for her fellow woman: Know your worth
A worthless juicer and a Gipper-branded server
Yep, the U.S. gave a 'Make Somalia Great Again' hat to the country's president
Pairing CPUs and GPUs: PC Upgrades and BottleneckingAMD Radeon RX 550 + Intel Pentium G4560Productivity on a $200 Chromebook, Coming From an Enthusiast DesktopThe Ideal Smartphone for 2017NYT mini crossword answers for May 21, 2025Why Building a Gaming PC Right Now is a Bad Idea, Part 1: Expensive DDR4 MemoryHow to watch Champions League, Europa League, and Conference League finals for freeThe Ideal Smartphone for 2017NYT Strands hints, answers for May 21NYT Connections Sports Edition hints and answers for May 21: Tips to solve Connections #240The Steam Machine: What Went WrongHow to Run Android Apps in Google ChromeWhat Games Can Ultrabooks Really Play?SimCity 2000 is the Most Important Game I've Ever PlayedQ&A with tendercare founder and CEO Shauna SweeneyHere's everything AI coming to Google Gmail10 Tips for Good Smartphone PhotographyHow to: Taking Pictures of PCBsHow to Secure Your Android Phone and Get the Most Out of Smart LockKansas mom sues adult sites after teen accessed content NASA scientists discover human Astronomy Photographer of the Year 2022 finalists: All the otherworldly photos Scientists spot puzzling, unusually perfect holes on the ocean floor Terribly named 'murder hornet' finally gets a new name Taobao loosens “refund Scientists found a mysterious radio signal in space. No, it's not aliens. Apple unveils its own Google Magic Eraser tool – Clean Up –at WWDC 2024 Watch NASA's megarocket ace its thrust test before spaceflight NASA identifies strange object its rover found on Mars The first Webb telescope image is warped and psychedelic. Here's why. The world's largest fish is very mysterious and endangered Irreversible space rock damage won't stop the Webb telescope from exceeding expectations Huawei reportedly sees $1.4 billion sales from car business · TechNode Netflix releases the first 4 minutes of 'Bridgerton' Season 3, part 2 NASA GIF shows extraordinary power of James Webb Space Telescope compared to Hubble 'The Boys' Season 4 review: A punishing season of television iOS 18 is coming and these are the iPhones we think will support it WWDC 2024: Apple announces 3 new AI Japan’s Uniqlo sees potential for growth in China despite falling profit and revenue · TechNode Best flight deal: Up to 50% off Southwest Airlines fares
2.7778s , 10109.515625 kb
Copyright © 2025 Powered by 【Watch Daddy Issues xxx movie 5 (2016)】,Inspiration Information Network