Part 2/8:
The financial results for Q4 demonstrated that Tesla is not only maintaining its market presence but is also breaking records. For the first time, Tesla saw record vehicle deliveries and energy storage deployment in Q4. Interestingly, the Model Y is projected to be the best-selling vehicle globally for 2024, adding to Tesla’s ever-growing reputation in the automotive industry.
While Tesla's profitability saw a dip in 2024 — largely due to heavy investments in AI and R&D projects — it's important to note that other revenue streams are flourishing. Specifically, energy revenue increased by an impressive 67%, and service and other revenues climbed by 27%.