Tesla didn’t have the most productive workout in 2024, but a call for effects today, painted a rosier symbol for 2025. The corporate promises to roll out more affordable electric cars in the first part: the driving technology. It also highlighted a new step, because for the first time, Tesla reduced the average construction charge of its cars to less than $35,000.
The numbers, however, tell one less celebratory story. For the first time in more than a decade, Tesla’s global sales declined in 2024 and this decline was reflected in its earnings. The corporation reported $25. 707 billion in fourth-quarter profit, outside Wall Street’s expectations of $27. 2 billion. In addition, net source earnings for the fourth quarter fell 71% to $2. 3 billion.
Read: Tesla’s Global Sales Fall For The First Time In Over A Decade
Overall, Tesla’s profits took a hit in 2024, with net income dropping to $8.4 billion, marking a 23% drop from 2023 and an even steeper 40% decline from its record $14.1 billion profit in 2022. Still, total revenue for 2024 managed a slight uptick, reaching $97.7 billion, a modest 1% increase over the previous year’s record.
Affordable teslas
The biggest news, however, is Tesla planned for 2025. In the first half, it deserves to launch “more affordable” models. No precise main points have been confirmed on those models, Tesla has been talking about it for some time.
The speculation had been widespread in the year beyond the year that these styles can be stripped of the versions of style 3 and the style and, nevertheless, that seems to be the case of the Tesla formulation. According to the car manufacturer, “those cars will use facets of the next -generation platform, as well as facets of our existing platforms and will occur in the same production lines as our existing diversity of cars. “
This leaves open the option that these fundamental styles potentially take the form of recently rumors. Once again, this has not been confirmed, but the costs can start around the $ 30,000 mark, which makes them more than style 3 and Y style.
Interestingly, Tesla said that the technique for the use of parts of its new generation and platform platform existing in the existing production lines, “will cause the decrease in prices that the previous ones”, but will allow the company to expand “vehicle volumes In more capital [Capital [expenses] effective doubtful times.
Tesla’s plans for 2025
Other titles were revealed when the effects are called. To begin with, Elon Musk said that as of June, Tesla will start operating a complete and non -supervised driving service in Austin, Texas. He did not say that if the cars used in this service will belong to consumers who work through Tesla, and have not revealed main points about prices.
Musk is hopeful Tesla will be able to expand this service to other US cities towards the end of the year, but said it needs to prove the system’s safety in Texas first and show regulators that its vehicles are safer in autonomous mode than not.
Elon Musk also claims that Tesla has gained interest from several car brands regarding licensing its FSD system. Typical musk fashion, however, has no other details.