Tesla lost $1,760,000,000 in automotive revenue at the end of 2024
Tesla's revenue has gone in the opposite direction to it's stock value
Reports indicate that Tesla has lost around $1,760,000,000 in automotive revenue in the last quarter, missing key analyst estimates and offering a different perspective to the rocketing stock price on the market.
Tesla has had an interesting year to say the least. While the company has hit its first sales decline in nearly a decade due to a slow end to the year, it also experienced major upticks on the stock market.
The latter is largely due to CEO and so-called founder Elon Musk's role in US President Donald Trump's election victory, as many expect Trump to be favorable on the regulation side of things to companies like Tesla.
However, the electric car company's fourth quarter earnings and revenue has been released and it's not looking too good - indicating a year-on-year loss of around $1,760,000,000 in automotive revenue.
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As reported by CNBC, automotive revenue fell by 8% from $21,560,000,000 to $19,800,000,000 when comparing Q4 2023 to 2024, with $692,000,000 of that coming from regulatory credits.
On top of this, operating incoming also declined by a staggering 23% year-on-year, settling at around $1,600,000,000 which was below analyst expectations.
Some have argued that these declines are representative of the lowering reputation of Tesla's CEO, as Musk has become far more involved in politics and actions like an alleged Nazi salute at the presidential inauguration are likely to not go down well with potential buyers.
Experts, however, point towards price reductions for most of the Tesla lineup as the reason behind these changes, as vehicles like the Model 3, Model Y, Model S, and Model X have all saw their sale values slashed.
Part of this is through the generous referral program that Tesla offers in North America, where existing owners are able to provide special discounts for first-time buyers, encouraging them to enter the electric vehicle ecosystem.
Tesla have also outlined that "affordability remains top of mind for customers" in a recent shareholder meeting, so it's likely that this is being taken into consideration when evaluating the wider scale losses.
In addition, Musk is putting a particular focus on the future of the company instead of the here and now - which is what many on the stock market are also betting on.
The company has already shown off its Optimus robots and their ability to replicate eerily human movements, and the future release of the self-driving Cybercab is also a major promise from Musk and co.