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Title: Tesla Q4 2024: Record Deliveries Drive Stock Surge

Tesla's stock surged 8% following its Q4 2024 earnings report, where the company reported revenue of $25.2 billion, surpassing consensus estimates of $24.3 billion. The electric vehicle giant delivered a record 484,507 vehicles, marking a 16% increase year-over-year. Automotive gross margins rose to 25.9%, up from 23.5% in the previous quarter, while EPS came in at $0.78, beating expectations of $0.73. CEO Elon Musk revealed ambitious plans to produce 2 million vehicles in 2025 and introduce new affordable models in the latter half of the year. [Sources: Tesla IR press release, Transcript, Reuters]

What drove the move:

Record Deliveries: Tesla delivered 484,507 vehicles, reflecting a 16% year-over-year increase, setting a new company record for quarterly deliveries. [Source: Tesla IR press release]
Margin Improvement: Automotive gross margins improved to 25.9%, up from 23.5% the prior quarter, driven by cost efficiencies and scale. [Source: Tesla 8-K]
Earnings Beat: EPS of $0.78 exceeded analyst expectations of $0.73, contributing to the positive stock movement. [Source: Transcript]
Future Production Plans: CEO Elon Musk announced plans to ramp up production to 2 million vehicles in 2025, which was positively received by the market. [Source: Transcript]
New Model Launches: The announcement of new affordable models launching in the second half of the year added to investor optimism. [Source: Tesla IR press release]

Key quotes:

Margins: "Our automotive gross margins have improved significantly this quarter, reaching 25.9%." [Source: Tesla Transcript]
Deliveries: "We delivered a record 484,507 vehicles in Q4, a testament to our production capabilities." [Source: Tesla IR press release]
Guidance: "We aim to produce 2 million vehicles in 2025, with new models launching later this year." [Source: Tesla Transcript]
Future Outlook: "The launch of affordable models is a key part of our strategy to expand market reach." [Source: Tesla IR press release]

Context & comps:

Peer Performance: Tesla's delivery growth contrasts with some competitors who have struggled with supply chain issues, highlighting Tesla's operational strength. [Source: Bloomberg]
Market Expansion: The introduction of affordable models could enhance Tesla's competitive position in emerging markets, where price sensitivity is higher. [Source: WSJ]
Industry Trends: The broader automotive industry is seeing increased competition in the EV space, but Tesla's continued innovation keeps it at the forefront. [Source: Reuters]

What to watch next:

Model Launch Success: Monitor the rollout and market reception of the new affordable models in H2 2025.
Production Capacity: Track progress towards the 2 million vehicle production target for 2025.
Margin Sustainability: Watch for continued margin improvements or stabilization, particularly in the face of potential pricing pressures.

Sources: Tesla IR press release, 8-K, Transcript, Reuters, Bloomberg, WSJ.