This combination of self-inflicted challenges and external factors has left clear marks on Tesla’s business report for the fourth quarter and the full year 2025. After textbook annual profits of 12.6 and 15.0 billion dollars in 2022 and 2023, the company suffered a sharp earnings slump in 2024 (7.1 billion dollars, -53%). The 94.83 billion dollars came in below the 2024 figure (-3% YoY) and also slightly below the 2023 result. Revenue from the automotive business fell by a similar eleven per cent between October and December to 17.69 billion dollars. In 2025, Tesla recorded a decline in deliveries for the second year in a row.