Elon Musk Catch-All | Trump: Musk hates someone in AI deal but “I have certain hatreds of people, too.”

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 1K
  • Views: 35K
  • Politics 
arstechnica.com

Tesla’s 2024 financial results are out—and they’re terrible

40 percent of its profit came from selling regulatory credits.
arstechnica.com arstechnica.com

Q4, 2024​

During the final quarter of last year, Tesla saw its automotive revenues fall by 8 percent compared to the same three months of 2023, dropping to $19.8 billion. It more than doubled its energy and storage revenues, which grew by 113 percent compared to Q4 2023, but this amounts to just $3 billion and a small fraction of Tesla's overall business. Similarly, services posted a 31 percent growth during those three months, but again the actual contribution in dollar terms was just $2.8 billion.

Total revenue grew by 2 percent in Q4, but income fell by 23 percent, and its operating margin has dropped to just 6.2 percent—the lowest since Q1 2024. By contrast, the industry average operating margin for an automaker is around 10 percent. Net profits fell an astounding 71 percent to $2.3 billion.

The year as a whole​

For the whole of 2024, Tesla saw a 6 percent drop in automotive revenues, down to $77 billion. Energy generation and storage increased by 67 percent, to a total of $10 billion. Services grew by 27 percent during the year, bringing in $10.5 billion in revenue. That means total revenue grew by 1 percent in 2024; over the same time period, Tesla's share price has increased by 103 percent.


But gross profits fell by 1 percent, with net profits falling by a huge 53 percent to $7.1 billion for the year, making this Tesla's worst year since 2021, when it made just $5.5 billion in profit. Free cash flow dropped 18 percent during the year, to $3.6 billion. Delving into the profit and loss statement, $2.8 billion of that profit came from selling regulatory credits to other automakers, not from selling cars or even supercharger access.

Tesla says that reduced average selling prices contributed to its lousy results, as well as an increase in operating expenses to fund sidelines in AI and robotics that generate nothing to the company's bottom line. These side ventures have goosed the company share price among investors who appear to believe CEO Elon Musk's claims that Tesla is no longer a car company.
 
^ good news for Tesla shareholders is that I am sure Trump will keep all those ev car credits on the books.
 
ZenMode said:
Not really. My purpose, as it relates to the Musk situation, is to point out that assumptions of a Nazi salute are misguided. I'm not responsible if those making the assumptions are irritated by information or opinions are counter to their misguided assumptions.

IMO, the REAL issue is the complete lack of an ounce of grace given by those on the right AND left. It's not "man, that was an unfortunate motion but he DID say 'my heart goes out to you' at the end, so maybe he was just really enthusiastic." It's "yep, he's a Nazi and that was undoubtedly a Nazi salute!"
Click to expand...
If your purpose isn’t to annoy, both of y’all have this really, really tremendously impressive talent at somehow, someway always taking the contrarian viewpoint on literally every subject matter ever discussed here. It’s not that y’all disagree with the majority that is the problem. It’s that y’all are never able to accept correction when flaws are pointed out in your logic.

Musk may have intended the Nazi salute. He may not have. Only he can know for sure. But what you and gtyellowjacket don’t seem able to grasp or acknowledge, in your rush to reflexively defend the contrarian viewpoint on all things at all times, is that if Musk did not intend the Nazi salute, it sure as shit is one hell of an unlucky and unfortunate coincidence that it occurred not once but twice, and also in short succession after he openly endorsed the far right Nazi adjacent party in Germany. Hopefully you and gtyellowjacket can find it in your hearts to forgive the folks here who left to the assumption that if Elon Musk would endorse the far right Nazi adjacent party in Germany, that it is not a huge leap of logic that he may have also done the Sieg Heil.
 
sringwal said:
I will acknowledge, however, that perhaps we have different definitions of what does, and does not, constitute hypocrisy.
Click to expand...
There's a certain elegant circularity to "The prohibition against hypocrisy doesn't apply to me but it does apply to you." I believe Joseph Heller wrote a whole book on the topic...

Yossarian was moved very deeply by the absolute simplicity of this clause of Catch-22 and let out a respectful whistle. "That's some catch, that Catch-22," he observed. "It's the best there is," Doc Daneeka agreed.
 
You must log in or register to reply here.
Back
Top