The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Tesla said it sold 1.79 million vehicles in 2024, the first drop in more than a dozen years despite offers of 0% financing, free charging and low-priced leases

Tesla's fourth-quarter net income fell 71% from a year ago, when results were boosted by a one-time tax benefit.

A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.