When the major automotive manufacturer released its fourth‑quarter results, investors were quick to note that revenue was in line with expectations but earnings fell short.
The company posted an adjusted earnings per share of $0.13, compared with the $0.18 analysts were hoping for. Automotive revenue hit $42.40 billion, exactly what the market anticipated, but operating profit (EBIT) was $1.0 billion versus the $1.16 billion forecast.
On the back of the quarterly loss, the firm reported a net loss of $11.1 billion for the quarter and a full‑year net loss of $8.2 billion. Its full‑year adjusted EBIT came in at $6.8 billion, close to the $7 billion estimate but still below the $8.86 billion analysts had projected.
The EV arm, known as Model E, posted an EBIT loss of $4.8 billion for the year—a slight improvement over 2024 but still a loss close to $5 billion.
Looking ahead, the company is projecting a 2026 adjusted EBIT of $8‑10 billion, adjusted free cash flow of $5‑6 billion, and capital expenditures of $9.5‑10.5 billion. It also expects the Model E unit to lose another $4‑4.5 billion and not reach profitability until at least 2029.
