How did Tesla's revenue and expenses trend in Q4 2024 compared to previous quarters?

Tesla's revenue for Q4 2024 was $21.3 billion, which is a notable increase from the previous quarter's revenue of $20.92 billion. This indicates a positive trend in revenue over the past four quarters, with a clear upward trajectory. In contrast, the Cost of Goods Sold (COGS) for Q4 2024 was $21.53 billion, which is slightly higher than the COGS of $20.92 billion in Q3 2024. However, when compared to the COGS of $20.19 billion in Q2 2024 and $17.61 billion in Q1 2024, the Q4 2024 COGS represents a significant increase.

Tesla's Research and Development (R&D) expenses for Q4 2024 were $1.15 billion, which is a decrease from the R&D expenses of $1.28 billion in Q3 2024. This indicates a downward trend in R&D expenses over the past four quarters. Additionally, the Selling, General, and Administrative (SG&A) expenses for Q4 2024 were $1.28 billion, which is a significant increase from the SG&A expenses of $1.07 billion in Q2 2024 and $1.04 billion in Q1 2024. This suggests a upward trend in SG&A expenses over the past four quarters.