
Tesla's 2024 annual report shows revenue of $97.7 billion, up 0.9% year-over-year; full-year deliveries of 1.79 million vehicles, down 1.1% year-over-year; and net profit of $7.15 billion, down 52.2% year-over-year. Despite the decline in sales and profit, Tesla's stock was minimally affected, with a market value of $1.3 trillion. The market remains optimistic about Tesla's future, believing that new businesses such as autonomous driving will support its valuation. The sluggish growth in deliveries is mainly due to slow product iteration and consumer aesthetic fatigue, making the launch of new products key to boosting sales.$Tesla(TSLA.US)
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