Tesla's Automotive Revenue and Net Profit Decline for Second Consecutive Year

Tesla's latest financial report shows that both its automotive revenue and overall net profit have declined year-over-year for two consecutive years. In 2024, Tesla reported total revenue of $94.827 billion, down from $97.69 billion in 2023. Automotive revenue fell to $77.07 billion in 2024 and further declined to $69.526 billion in 2025, a 10% year-over-year decrease. On a GAAP basis, net income attributable to common shareholders was $7.091 billion in 2024, a drop of more than 50% compared to $14.997 billion in 2023. It declined further to $3.794 billion in 2025, representing a 46% year-over-year decrease. Net profit under non-GAAP measures also fell for two consecutive years. In the fourth quarter, the company reported revenue of $24.901 billion, which decreased both sequentially and year-over-year.