Tesla shares close at $406.43, revenue hits $97.9 billion in 2024

Tesla closed at $406.43 on June 12 2026, giving the company a market value of about $1.53 trillion [1]. In 2024 the firm generated $97.88 billion in revenue, with the automotive division contributing roughly $77 billion, energy storage and solar $10 billion, and services plus other sources $10.5 billion [1]. Earnings per share for the prior year were $1.10, reflecting a modest profit margin after a year of slowing vehicle growth and intensified competition [1].

The slowdown in automotive sales stems partly from the waning impact of regulatory carbon‑credit sales, which fell to $2.76 billion in 2024—a figure the company says is being squeezed by tighter emissions rules and the broader shift to zero‑emission vehicles [1]. At the same time, Tesla’s energy generation and storage segment is gaining share, driven by the Powerwall, Megapack and solar installations that together pushed the segment past the $10 billion mark [1]. Services and other revenue, including vehicle maintenance, insurance and charging, held steady at about $10.5 billion, underscoring the growing importance of recurring income streams beyond vehicle sales.

Technical charts show the stock wrestling with a major resistance zone near $445, where price repeatedly failed to break higher, prompting bearish signals on the 1‑hour timeframe [2]. Traders are watching for a breakout above the descending trendline around $380–$385, which could spark a short‑term rally, while EU regulators review the safety data for Tesla’s Full Self‑Driving (FSD) system—a factor that could add further volatility [2]. Two robotaxi incidents in Austin this year—one a low‑speed collision with a construction barricade and another a rear‑end while stopped—have kept safety scrutiny in the spotlight [2].

Tesla’s position now hinges on whether its expanding energy business can offset the decelerating automotive growth and the regulatory headwinds facing FSD. The next price move may be decided by the outcome of the EU‑wide FSD approval and the ability to sustain momentum above the $380 resistance level.