Tesla makes surprise announcement of lower than expected sales for 2025
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Tesla makes surprise announcement of lower than expected sales for 2025
"The US electric vehicle maker published figures from analysts suggesting it will announce 423,000 deliveries during the fourth quarter of 2025, in a new consensus section on its investor website. That would represent a 16% decline from the final quarter of 2024. The estimates suggested that Tesla would deliver 1.64m cars in 2025 as a whole, down from 1.79m in 2024."
"Musk claimed at a shareholder meeting in November that the company was aiming to produce 4m cars a year by the end of 2027. Tesla's shares are valued at $1.4tn (1.04tn), making it worth more than the next 30 carmakers combined despite its output being less than a fifth of that of Japan's Toyota. Musk's Tesla shares, as well as his stake in the rocket company SpaceX, have made him by far the world's richest man, with a fortune estimated at $623bn, according to Bloomberg."
"When it comes to actual sales, Tesla has endured a tough year in part thanks to distaste among some consumers for Musk's embrace of rightwing politics. In 2024, Musk was the biggest donor to the election campaign of Donald Trump and then launched an effort to cut government spending with the Department of Government Efficiency (or Doge). His alliance with the US president did not survive the summer,"
Tesla published analyst-based consensus forecasts projecting 423,000 deliveries in Q4 2025, a 16% decline from Q4 2024, and 1.64 million vehicle deliveries for 2025, down from 1.79 million in 2024. Forecasts show deliveries rising to 1.75 million in 2026 and 3 million in 2029. Elon Musk stated an internal target to produce 4 million cars annually by end of 2027. Tesla's market value exceeds $1.4 trillion, greater than the next 30 carmakers combined, despite production below Toyota's. Tesla's valuation relies heavily on expectations for leadership in self-driving and robotics, and political moves and subsidy changes have weighed on sales.
Read at www.theguardian.com
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