The electric car giant’s fourth-quarter revenue was $24.9 billion, compared to $25.71 billion in the year-ago quarter. The top line exceeded estimates. The company produced a total of 434,358 vehicles during the three months and delivered 418,227 units.
Adjusted earnings, excluding one-off items, dropped to $0.50 per share in the fourth quarter from $0.60 per share a year earlier. Unadjusted net income was $840 million or $0.24 per share in Q4, compared to $2.13 billion or $0.60 per share in the corresponding period of 2024.