The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.

Tesla reported fourth-quarter revenue and adjusted profit below analysts' estimates. Shares initially fell and then rose after the results' release.

Tesla reports fourth-quarter earnings and revenue on Wednesday and while the EV giant's profit and delivery guidance will be important for investors, so too are several key timelines for products Chief Executive Elon Musk has stressed as integral to Tesla's future.