Tesla reveals Q4 2024 business earnings figures, predictions for electric vehicle and Full Self-Driving (FSD) sales made
In a surprising turn of events, Tesla, the electric vehicle giant, missed its own forecast of around 515,000 units in Q4 of 2024 by about 20,000 units. This shortfall was despite an anticipated increase of around 8% compared to the previous quarter's revenue, which would have taken the annual revenue to $99.2 billion, a 2% rise from the previous year.
The Q4 earnings per share, expected to be $0.77 according to IBD, would represent an over 8% increase compared to the last quarter of 2023. However, it would not be a record, falling short of the $3.12 per share reported by Tesla in 2023.
Tesla's Q4 report, due for release, is expected to provide an outlook on its future business development. Analysts anticipate a record increase in Tesla's revenue for Q4 of 2024, with an average expectation of $27.2 billion.
However, the sales figures for 2025 have become cautious and uncertain. After declining deliveries by 13% in Q1 and 13.5% in Q2 2025, Tesla has abandoned its previous confidence in vehicle delivery growth for the year and has ceased providing specific sales guidance. Instead, Tesla acknowledges that future growth depends on multiple factors, including macroeconomic conditions, production ramp-up, and advancements in vehicle autonomy.
The release of a more affordable Tesla model, long anticipated as a growth driver, does not appear to have yet reversed this sales decline within the first half of 2025. While such a model could potentially boost demand by tapping into a broader customer base due to lower prices, Tesla’s current outlook suggests that this potential has not materialized in the near term or been reflected in updated sales guidance.
CEO Elon Musk, however, expects 20-30% more electric vehicle sales in 2025. He believes the AI sector, including autonomous cars with the FSD software and robots, has much more potential. Forecasts for the further development of electric vehicles and the software FSD for autonomous driving are expected.
Despite the current sales slump, Tesla's popular existing models continue to perform well globally. The Model Y and Model 3 rank among the world’s top-selling EVs. However, growth in deliveries is currently stalled in 2025 amid market headwinds.
In October 2024, Tesla had announced a slight increase in its own electric vehicle sales. It is likely that there will be shareholder questions and answers from the Tesla management on the AI sector and future electric vehicle sales.
[1] Source: Tesla's Q2 2025 update. [4] Source: IHS Markit data, as of April 2025.
- Amidst the uncertainty in sales figures for 2025, Tesla is looking towards technology, particularly advancements in vehicle autonomy and the AI sector, as potential growth drivers for the future, especially in the sales of electric vehicles, as forecasted by CEO Elon Musk.
- In the realm of finance and investing, Tesla's Q4 report, due for release, is anticipated to provide insights into the company's future business strategy and development, with analysts predicting a record revenue increase for Q4 of 2024, suggesting a significant potential for investing in Tesla's business.
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