Last year, Tesla's profits decreased sharply

Tesla reported on Wednesday a sudden decline in 2024, as Chinese, Europe and US rivals took the lead in the electric car market.

ELON MUSK, led by ELON MUSK, stated that it made a profit of $ 2.3 billion in the last three months of 2024. This decreased compared to the $ 7.9 billion of the previous year, but the profit of 2023 included a $ 5.9 -time tax advantages of $ 5.9. C billion. Tesla's operating income, excluding its special interests, decreased by 23 % in the last three months a year.

Sales increased to $ 25.2 billion in the same period in 2023 to $ 25.7 billion in the fourth quarter.

The company's revenue and profits were supported by $ 692 million in sales of regulated units to other automakers who need to meet the emission standards. One year ago, the company produced $ 433 million from such sales. The Trump administration and a Republican member of the Congress have said that Tesla intends to abolish regulations that can sell such credit.

For one year, the profit was $ 7.1 billion, and Tesla decreased from $ 15 billion in the previous year. Sales increased to $ 97.7 billion from $ 96.8 billion in 2023.

TESLA sells batteries used by power companies, companies, and at home, and store energy from solar panels and other sources. The increase in sales of these products has helped to make up for the inseparable car sales.

The company continues to rely on two models, model three sedan and model Y Sports Utility Vehicle, for most automotive sales, but Asia, Europe, and US rivals have a wider growing electric vehicle. We provide you.

BYD, based in China, sells 1 dozen or more electricity and plug -in hybrid models, from sub -compact to minivans, and has appeared as the biggest challenger in Tesla outside the United States. HSBC analyst states in the report that Chinese automakers will introduce more than 60 models in the second quarter of this year alone.

In a profit report, Tesla stated that a new model Y's new version was sold in March and the starting price was about $ 60,000. The current model Y begins with about $ 45,000. He also stated that a “more affordable price” model would be produced in the first half of the year, but did not provide details.

Tesla stated that autonomous driving cars that can function as an unmanned taxi called cyber cab will be produced in 2026.

The intensification of competition and the relative shortage of Tesla's new models have led to a decrease in market share in China, Europe and the United States last year. Earlier, Tesla said earlier this month, selling 1.8 million vehicles around the world in 2024, and said it was slightly less than 2023. This is a major change for companies that increased 38 % in 2023 and 40 % in 2022.

According to COX Automotive, in the United States, Tesla share of the electric car market decreased from 51 % in the previous year to 44 %. Tesla has also lost its status in a luxury market. In the United States, BMW sold as many i5 and i7 luxury sedans as Tesla sold Model S in 2024. According to Cox, Libian sold about 7,000 R1S SUVs as a model X of Tesla.

Sales of Cybertrack pickup, the latest vehicle in Tesla, starts with about $ 80,000, but it seems to be standing. According to COX estimation, Tesla sold 13,000 Cyber ​​Trucks in the fourth quarter, decreasing from 16,700 in the third quarter.

Tesla has reduced prices and raised low interest rates to increase sales, but measures have been sacrificed at the expense of profits. Still, Tesla is one of the few automakers who make money with electric vehicles. Ford, General Motors, etc. have not yet sold enough electric vehicles to collect the investments to be assembled and battery manufacturing.

Tesla's shares have risen since November, despite the poor financial performance of the company. Investors say that Musk's promise to produce a “cyber cab” of autonomous driving, which can produce $ trillions of profits. The company said on Wednesday that a taxi business will be released in some parts of the United States in the United States.

“The shares are zero from the basics,” said Barclays's analyst in this month. Rather, investors said they were betting on the power of Eron's stars and the role of Tesla as a destroyer.

Some investors also seem to want a close relationship between Musk and President Trump to help Tesla. For example, help eliminating the regulation of autonomous cars.

However, Congress Trump and Republican members promise to abolish tax deductions and other incentives for electric vehicles, including tesslasas. Mr. Musk states that the exclusion of incentives will hurt rivals more than Tesla.

The company, headquartered in Austin, Texas, states that it will introduce a vehicle that sells much less than the 3 sedan three sedans that starts with $ 42,500 in front of the government's incentive. More affordable cars may help you attract more buyers and revive sales. However, Tesla does not provide details or does not display the prototype.