Tesla's Q4 2024 financial results show a concerning decline, with automotive revenue dropping 8%, net income plummeting 71%, but energy generation revenues doubling. Despite the overall revenue growth of 2%, analysts are worried due to Musk's political engagements and the company's reliance on selling regulatory credits, which totaled $692 million in Q4. Investor skepticism is rising, especially with Trump likely rolling back EV incentives, a move that could harm Tesla's credit sales significantly. Musk's increasing political influence and the uncertain regulatory environment pose risks for Tesla's operational success as competition heats up.