In the Q4 2024 earnings call on January 29, Tesla reported a 71% drop in net income to $2.3 billion and a decline in year-over-year sales. Despite the poor results, CEO Elon Musk was optimistic, focusing on AI, robotaxis, and autonomous vehicles.
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Tesla Reports 71% Drop in Net Income for Q4 2024
Musk announced that Tesla’s Full-Self Driving (FSD) technology would be operational in Austin, Texas, soon. Tesla’s sales in Germany dropped by nearly 60% in January 2025, partly due to Musk’s controversial political stance.
Sales also declined significantly in other European markets. The removal of German EV subsidies further impacted sales.
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