Tesla's Q4 and FY 2024 earnings report reveals robust performance with 495,570 vehicle deliveries in Q4 and a total of 1,789,226 for the year. Notably, automotive revenues reached $77 billion. The company also set a record with 31.4 GWh in energy storage deployments. Despite a slight miss on Wall Street's revenue expectations, Tesla remains optimistic about future growth, particularly with the Model Y. The company anticipates continued profit from hardware and market expansion as it prepares for 2025.
In the fourth quarter of 2024, Tesla delivered 495,570 vehicles, further underscoring its strong position in the automotive sector with diversified product offerings.
Tesla's total revenues reached $97.7 billion for FY 2024, demonstrating significant growth sustained by strong Model 3/Y sales and energy storage deployments.
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