Thursday, April 24, 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.

Hot this week

AI Politeness Has a Cost: Saying ‘Thank You’ to AI Adds to Energy and Water Consumption

Users thanking AI may lead to increased energy consumption, as polite interactions raise server loads and electricity costs significantly.

Dow Soars Over 1,000 Points as U.S.-China Trade Hopes Lift Markets

U.S. stock indices surged over 2.5% as optimism grew for a U.S.-China trade deal, while Tesla faced mixed reactions post-earnings.

Oil Snaps Back: U.S. Sanctions on Iran Fuel Fresh Price Surge

Oil prices surged after U.S. sanctions on Iran, despite previous declines due to market sentiment influenced by Trump’s criticism of the Fed.

Conclave Set to Begin as Vatican Mourns Pope Francis; Korean Cardinal Among Electors

Pope Francis's funeral is set to be modest, with a conclave to elect his successor commencing next month. Cardinal You will participate.

Trump-Powell Fallout Roils Markets: Dow Plunges 972 Points, Tesla Drops Nearly 6%

The NYSE faced a major sell-off as doubts about the Fed's independence led to sharp declines in major tech stocks and the dollar.

Topics

AI Politeness Has a Cost: Saying ‘Thank You’ to AI Adds to Energy and Water Consumption

Users thanking AI may lead to increased energy consumption, as polite interactions raise server loads and electricity costs significantly.

Dow Soars Over 1,000 Points as U.S.-China Trade Hopes Lift Markets

U.S. stock indices surged over 2.5% as optimism grew for a U.S.-China trade deal, while Tesla faced mixed reactions post-earnings.

Oil Snaps Back: U.S. Sanctions on Iran Fuel Fresh Price Surge

Oil prices surged after U.S. sanctions on Iran, despite previous declines due to market sentiment influenced by Trump’s criticism of the Fed.

Conclave Set to Begin as Vatican Mourns Pope Francis; Korean Cardinal Among Electors

Pope Francis's funeral is set to be modest, with a conclave to elect his successor commencing next month. Cardinal You will participate.

Trump-Powell Fallout Roils Markets: Dow Plunges 972 Points, Tesla Drops Nearly 6%

The NYSE faced a major sell-off as doubts about the Fed's independence led to sharp declines in major tech stocks and the dollar.

Crude Slips After Trump Criticism of Fed Sparks Market Turmoil

Oil prices plummet as Trump's criticism of Fed Chair Powell triggers market turmoil; gold hits record high amid safe-haven demand.

Delta Sets the Bar: Only Airline on Fortune’s Best Workplaces List

Delta Air Lines ranks 15th in Fortune's '100 Best Companies to Work For', marking six consecutive years on the list, CEO Ed Bastian says.

Snap, Save, Sustain: Samsung’s ‘Ocean Mode’ Contributes to Planting Over 11,000+ Corals

Samsung's Coral in Focus project uses Galaxy tech for coral restoration, achieving significant marine ecosystem improvements in one year.

Related Articles