Q4 2024 Update (shareholder deck)

TESLA

Highlights Financial Summary Operational Summary Vehicle Capacity Core Technology Other Highlights Outlook Photos & Charts Key Metrics Financial Statements Additional Information

H I G H L I G H T S

Profitability $7.1B GAAP operating income in 2024; $1.6B in Q4

$7.1B GAAP net income in 2024; $2.3B in Q4 incl. $0.6B mark-to-market gain on digital assets

$8.4B non-GAAP net income1 in 2024; $2.6B in Q4

Cash Operating cash flow of $14.9B in 2024; $4.8B in Q4

Q4 was a record quarter for both vehicle deliveries and energy storage deployments. We expect Model Y to once again be the best-selling vehicle, of any kind, globally for the full year 2024, and we have made it even better, with the New Model Y now launched in all markets. In 2024, we made significant investments in infrastructure that will spur the next wave of growth for the company, including vehicle manufacturing capabilities for new models, AI training compute and energy storage manufacturing capacity.

Free cash flow2 of $3.6B in 2024; $2.0B in Q4

$7.5B increase in our cash and investments3 in 2024 to $36.6B

Affordability remains top of mind for customers, and we continue to review every aspect of our cost of goods sold