Tesla (TSLA) FY2024 results: revenue $97.7 billion, up 0.9% on the year
Tesla, Inc. (TSLA) reported revenue of $97.7 billion for fiscal 2024, the year ended 31 December 2024, up 0.9% on the year before. Net income was $7.1 billion, down 52.7%, and diluted earnings per share $2.04. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2025.
Revenue
$97.7 billion
+0.9% on the year
FY2017FY2024
Operating margin
7.2%
9.2% a year earlier
FY2017FY2024
Net income
$7.1 billion
-52.7% on the year
FY2017FY2024
Diluted EPS
$2.04
-52.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
14,923
13,256
14,724
+12.6%
Capital expenditure
11,339
8,898
7,158
+27.4%
Free cash flow
3,584
4,358
7,566
-17.8%
Free cash flow margin
3.7%
4.5%
9.3%
Cash from investing
-18,787
-15,584
-11,973
Cash from financing
3,853
2,589
-3,527
+48.8%
Share-based compensation
1,999
1,812
1,560
+10.3%
Diluted shares, weighted
3,498m
3,485m
3,475m
+0.4%
Shares outstanding at period end
3,216m
3,185m
3,164m
+1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
72,913
62,634
44,704
+16.4%
Non-controlling interest
704
733
785
-4.0%
Redeemable equity
63.0
242
409
-74.0%
Debt
8,213
5,230
3,099
+57.0%
Operating lease liabilities
4,603
3,671
2,164
+25.4%
Finance lease liabilities
222
175
568
+26.9%
Other liabilities
35,352
33,933
30,609
+4.2%
Total liabilities and equity
122,070
106,618
82,338
+14.5%
Fixed assets
35,836
29,725
23,548
+20.6%
Goodwill
244
253
194
-3.6%
Intangible assets
150
178
215
-15.7%
Investments
20,424
12,696
5,932
+60.9%
Cash and equivalents
16,139
16,398
16,253
-1.6%
Receivables
4,418
3,508
2,952
+25.9%
Inventory
12,017
13,626
12,839
-11.8%
Other assets
32,842
30,234
20,405
+8.6%
Total assets
122,070
106,618
82,338
+14.5%
10-K for the year ended 31 December 2024, filed 30 January 2025: the filing.