Tesla reported its fourth-quarter earnings, revealing a 71% drop in net profit to just over $2.3 billion, significantly missing analysts' expectations. The automaker's revenue for the quarter was $25.71 billion, falling short of the $27.26 billion forecast. Despite record vehicle sales, with 495,570 deliveries in Q4 and total sales of 1.79 million vehicles in 2024, the company experienced its first annual decline in sales in over a decade. Automotive revenue decreased by 8% year-over-year, while energy revenue surged by 113%. The earnings per share (EPS) stood at $0.73, below the anticipated $0.77. Tesla's stock price saw fluctuations, initially rising to over $400 in after-hours trading due to the announcement of a new model, despite the disappointing earnings report.