Tesla had a complex 2024 and, although the prospects for 2025 are a little better, there are doubts in the market about the future of Elon Musk’s company.
Tesla shares and Cedears collapse this Thursday after learning that the annual vehicle sales the company of Elon Musk fell for the first time in more than a decade despite a year-end boost that lifted deliveries to a record in the fourth quarter. The company sold 1.79 million vehicles last yearas reported on Thursday, a figure that was slightly lower than 2023 deliveries and was also below the analyst consensus. This is information that makes security holders recalculate their investments.
Indeed, Tesla shares fell 4.5% to $385.72, while on the Buenos Aires stock market Cedears sank 10%. In 2024, they had accumulated an increase of 63%, but in the quarter ending December 31, they delivered 495,570 vehicles, below the 512,277 expected by analysts. It needed to sell almost 515,000 vehicles in the period to meet its goal of “slight” growth for the year.
This occurs in a context in which moderate consumer demand is affecting sales of electric vehiclesa problem that could be exacerbated by Trump’s initiative to curb incentives for these types of cars.
2024: a year with some problems
Tesla faced a series of setbacks over the past year, such as an arson attack at its Berlin factory, shipment diversions and a slowdown in electric vehicle sales across the sector. Additionally, the company has told investors that demand for its all-electric vehicles is between two major waves of growth.
In April, the Austin-based automaker cut more than 10% of its workforce, including sales staff. Still, Tesla said in October that it expected to achieve modest growth in its full-year 2024 deliveries.
Tesla: projection for 2025
For the new year, Musk told investors on Tesla’s latest earnings call that he sees 20% to 30% growthdriven in part by a more affordable vehicle expected to be introduced in the first half and by the company’s autonomous technology. The company has revealed few details about what that new vehicle will look like or what its price will be.
However, there is concern about the company’s ability to meet Musk’s growth target for the year, especially if tax credits for electric vehicles are eliminated under Trump. The president-elect has criticized Joe Biden-era electric vehicle policies and tax credits for the sector, which Musk said in July would hurt Tesla in the short term, but even more so its competitors.
At the same time, Trump is expected to relax federal rules on autonomous vehicles, which could benefit Tesla and his ambitions for a robotaxi. Musk was a top Republican donor in 2024 and has become part of Trump’s inner circle of advisers.
Source: Ambito
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