Prior to that, however, Tesla was already lagging its previous year’s quarterly automotive revenues due to increased competition from other automakers. Tesla’s overall revenue, which includes its energy generation and storage business and sales of carbon credits to other automakers, was $94.8 billion, a 3 percent drop compared to 2024 results. The company’s net income fell substantially, coming in at $3.8 billion. For the fourth quarter of last year, the company’s overall revenue fell 3 percent to $24.9 billion, while its net income dropped 61 percent to $840 million, compared to $1.4 billion during the year-ago period. Tesla investors responded positively to the numbers, with the stock rising over 3 percent early in after-hours trading.