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.

Shares of Tesla (TSLA) are on the rise on Thursday despite the electric vehicle maker’s earnings missing expectations. The company pledged to

The electric-car maker reported net income of $2.5 billion, a result driven in part by strong growth in Tesla’s energy business .