Tesla said it was on the right track to draw new, cheaper models of electric vehicles in the first half of 2025 and would start testing an autonomous journey service in June, exciting investors and having Excessive quarterly results that did not fall into Wall Street’s expectations Wednesday.
The value of the Tesla market has increased with the election of President Trump, who is a close ally of CEO Elon Musk. But the electric car company posted a decrease in shipments last year, raising pressure for it to make low -cost models, as well as autonomous vehicles and software that Musk says they support its financial future.
The shares increased 5% while Tesla said it was lowering costs and working on new vehicles.
Musk told analysts and investors in a call that the company would start testing a fully autonomous service of cars paid in Austin, Texas, in a few months.
“Teslas will be in nature, with anyone in them, in June, in Austin,” he said. His driver’s help software, known as a complete self-director, or FSD, will see tests supervised in other countries, including California, this year, he said.
At the same time, Tesla is trying to make cars for less, and said the costs of the goods sold had hit their lowest level ever in the fourth quarter, with less than $ 35,000, driven by low costs of raw material.
Tesla has a history of late product delivery and the company’s recommendation for the distribution of new vehicles in the first half of the year was positive, said Thomas Martin, senior portfolio manager at the Tesla Globalt Investments, which was also encouraged by costs his diminished.
“They have been able to execute on the cost side and remove it. Their ability to do it in the fourth quarter eventually supported the blow,” he added.
Tesla abandoned plans last year to build a cheaper vehicle platform for the mass market, often called Model 2, Reuters reported exclusively in April.
Instead, Musk said the company will use its current electric vehicle platform and production lines to produce more affordable models this year.
The trade -scale production of a robotax was scheduled for 2026 at his factory in Texas, Tesla said.
“People are reading in the results that FSD and Robotaxi are potentially on the cards in the next two years,” said Will Rhind, CEO of Global Etf Granitheres. However, Musk said computers in some old teslas should be improved for full self-direction.
Tesla has used free funding to pump the EV demand, a strategy predicted that strategy analysts would erode automobile profit margins in future quarters as the company absorbs the impact of high interest rates.
The fourth trimester profit margin of Tesla from vehicle sales, excluding regulatory loans, dropped to 13.59% from 17.05% in the previous three-month period, according to Reuters calculations. Wall Street had expected the figure to be 16.2%, according to the 23 analysts surveyed by visible alpha.
Revenue was $ 25.71 billion for October-December quarter, compared to estimates of $ 27.27 billion, according to estimates compiled by LSEG.
EV Pioneer’s annual surrender drops for the first time last year, due to the highest costs of borrowing and intense competition.
Rivals such as China’s Byd, as well as European manufacturers BMW and Volkswagen have begun new cheaper models to capture market share.
Tesla said she was expecting the vehicle’s business to grow up this year, after a slight decline in 2024. Musk had said late last year he expected vehicle sales to grow 20% to 30% in 2025, one A prediction that the company did not repeat the results notification.
Garrett Nelson, an analyst at CFRA Research, said the prospects of self-direction were encouraging investors. A forecast for a 50% jump in dislocations in the power conservation unit, which builds systems to make the electricity network more resilient, was also positive, he said.
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