Morgan Stanley analyst Adam Jonas, a longtime Tesla bull, wrote Wednesday that the Q4 results were "mostly disappointing," but added that the report was not

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's earnings report and call Wednesday shed light on the electric vehicle maker's plans for new versions of its self-driving software and its humanoid robot, Optimus.