Tesla NZ's revenue fell 60% in 2024

Tesla vehicles have been subject to vandalism in New Zealand. (Image: NZME)

Tue, 06 May 2025

Tesla’s automotive sales cratered by more than two-thirds in 2024.Tesla New Zealand, a 100% subsidiary of the Nasdaq-listed carmaker, reported its financial results to the Companies Office for the year to Dec 31 late on Monday. Company revenue fell 60% to $149 million as net profit dropped 83.6% to $457,120. The bulk of the contraction was attributable to a 68.7% fall in automotive sales to $107.2m compared with $342m the previous year. Two of the other revenue streams, regulatory credits and energy generation and services,...

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