Tesla Inc. has announced its financial projections for 2025, revealing that vehicle sales growth is expected to be tempered compared to last quarter. The company cited several factors contributing to the change in outlook, including more affordable electric vehicles (EVs) on track for release this year.
Elon Musk highlighted his company’s autonomy plans, aiming to launch autonomous ride-hailing services in multiple US cities. However, the Cybertruck was noticeably absent from discussions, following its prominent attention in previous quarters.
A key focus of Musk’s remarks fell on Tesla’s Optimus robotics unit, which it seems is the product he is most enthusiastic about. The tone of the call, marked by Musk’s relative apolitical stance, provided a surprising departure from previous calls.
Despite profit misses and shares experiencing volatility post-market trading, investors remained optimistic, with shares increasing around 4% in after-hours trading.
Source: https://www.bloomberg.com/news/live-blog/2025-01-29/tesla-fourth-quarter-earnings