Tesla’s fourth-quarter earnings revealed a grim picture for the automaker, with lower-than-expected revenue, decreased deliveries, and a significant portion of its $19.8 billion in revenue coming from selling emissions credits. However, despite this, Tesla CEO Elon Musk’s promises to investors have sparked optimism.
Musk claimed that 2025 will be a year of growth, with more deliveries and revenue expected. He also mentioned that the company is focusing on cost reduction, with “more affordable models” in the pipeline. New products like Full Self-Driving software are expected to drive growth, including launching the Cybercab Robotaxi service in Austin, Texas.
While Musk has a history of making optimistic promises that rarely materialize, investors seem to be supporting the company’s direction. The recent stock rally suggests that investors believe Tesla will deliver on its revenue-generating robotaxi plans. Despite some skepticism about Musk’s promises, the emphasis on the company’s robotaxi ambitions appears to be a key driver of investor interest.
Alex Kierstein, a staff writer for this publication, notes that getting into car writing wasn’t an easy journey. After pursuing law school and working in other fields, he eventually landed a job at a major automotive publication. Today, he lives in the Seattle area with a collection of great vehicles and enjoys his hobbies, including vintage watches and film cameras.
Source: https://www.motortrend.com/news/tesla-q4-2024-earnings-cybercab-robotaxi-fsd-news