TSLA Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-12-31), TSLA reported revenue of $25.7B, gross profit of $4.2B (16.3% gross margin), operating income of $1.6B, and net income of $2.3B (9.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue grew 2.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +2.1% | +6.1% | +0.3 pp |
Consensus estimate data is not available for this report.
TSLA Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $25.7B | 100% |
| Cost of Revenue | −$21.5B | 83.7% |
| Gross Profit | $4.2B | 16.3% |
| Research & Development | −$1.3B | 5.0% |
| Selling, General & Administrative | −$1.3B | 5.1% |
| Other Operating Expenses | −$7M | 0.0% |
| Operating Income | $1.6B | 6.2% |
| Other Income, net | $300M | 1.2% |
| Income Tax Expense | $434M | 1.7% |
| Net Income | $2.3B | 9.0% |
Source: original SEC filing (filed 2025-01-29). Accession 0001628280-25-002993. Data normalized by EarningsFyi.