Wednesday, April 2, 2025

Tesla Forecasts Sales Growth in 2025 as EV Demand Increases Globally

Tesla electric vehicles. / Newsis
Tesla electric vehicles. / Newsis

Tesla, the American electric vehicle company, is forecasting an increase in vehicle sales this year compared to the previous year.

On Monday, Hana Securities reported that Tesla aims to boost its electric vehicle sales in 2025. This goal is based on recovering the U.S. and European EV markets, increasing demand for the Cybertruck, and introducing more affordable models.

Hana Securities analyst Song Seon Jae noted, “While last year’s growth was predominantly focused on the Chinese market, we expect a more balanced expansion this year. The U.S. and European electric vehicle markets will likely see higher growth rates due to the launch of more affordable models and supportive policy measures.” Song emphasized the importance of Tesla’s upcoming fourth-quarter earnings announcement on January 29, which will provide updated sales targets.

Song highlighted recent market trends: “The second half of last year saw significant growth in the Chinese EV market, bolstered by domestic economic stimulus policies. Additionally, the ramp-up of Cybertruck production has begun contributing to overall sales.” He projected Tesla’s quarterly deliveries to steadily increase throughout 2024, estimating 387,000 units in Q1, 444,000 in Q2, 463,000 in Q3, and 496,000 in Q4.

However, Song cautioned, “Whether Tesla can achieve the 20-30% growth target that CEO Elon Musk hopes for and when the more affordable models will be released will be crucial in determining both sales growth rate and stock price.

Hana Securities believes that Tesla’s autonomous driving services will significantly shape the company’s future value. Song stressed the importance of monitoring Tesla’s plans to launch its unsupervised Full Self-Driving (FSD) service in California and Texas this year and the scheduled production of the Cybercab, Tesla’s robo-taxi, in 2026.

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