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Tesla Q4 and FY 2024 Update [pdf]

6 pointsby mfiguiere4 months ago

2 comments

chollida14 months ago
TO Watch<p>- any mention of cutting of US EV credits,<p>- predicted move by options is 7%, which is small by Tesla standards<p>- any mention of how much time Elon spends at Tesla<p>- any mention of Mexico plant, maybe tell us what Musk thinks of tariff chances on Mexico<p>- any cybercab tangible news<p>Numbers<p>- Q4 EPS $0.73 est $0.75<p>- Q4 Operating Income %1.58B, Est $2.68B, wtf here?<p>- Revenue from regulatory credits is $692 million<p>- Q4 auto gross margins ex regulatory credits is 13.6%, this is low for Telsa and probably related to them blowing out old inventory<p>- relatedly revenue per vehicle ex credits dropped below $40,000 for the first time.<p>- credits and other income make up half of Telsa&#x27;s earnings<p>- digital assets listed as $1.1B on their balance sheet<p>Notable<p>- record for deliveries in China<p>- more affordable models on track for 1H25<p>- claiming new models will be built on same lines as existing cars to help efficiencies<p>- claiming they can build up to 3M cars,<p>- cyber cab now a 2026 item<p>- a big part of other income was energy generation<p>- Shanghai mega factory finished in Dec and will start producgin vehicles
generj4 months ago
Wild to miss earnings as a growth stock but the market still values Tesla as a hyper growth stock.