Tesla reveals Q4 2024 business statistics, predictions for electric vehicle and FSD sales
**Tesla's 2025 Sales Projections and Current Performance**
Elon Musk, CEO of Tesla, expressed optimism about a potential 20-30% increase in electric vehicle (EV) sales for the company in 2025 during a shareholder meeting in October 2024. However, the actual performance for the first half of 2025 has been less optimistic, with a 13% decrease in Q2 2025 deliveries compared to the same quarter in 2024.
According to data from the International Data Corporation (IBD), the consensus estimate for Tesla's earnings per share in Q4 2024 stands at $0.77. In the three quarters preceding Q4 2024, Tesla's earnings were $1.69, and at the end of 2022, the company had earned $1.19 per share.
The decline in Tesla's sales and deliveries reflects broader challenges in the EV market, including fluctuating consumer demand and upcoming changes in government incentives. For instance, total U.S. EV sales in Q2 2025 were 310,839, a 6.3% decrease from the previous year.
Despite these challenges, Tesla remains a leading player in the EV market, and its U.S. sales continue to outperform its competitors, such as BMW. The company's strategy includes expanding beyond cars, with investments in artificial intelligence (AI), Full Self-Driving (FSD) software, and humanoid robotics, which could drive future growth.
Musk attributes this potential increase in sales to an affordable model that Tesla has been announcing for the first half of 2025 since April 2024. The company is expected to provide an outlook on its future business development in its Q4 report, which is due to be released soon.
Tesla's management is also expected to answer shareholder questions on this topic during a meeting scheduled for Wednesday evening. This meeting could provide further insights into the company's plans for the remainder of 2025 and beyond.
For the whole of 2023, Tesla reported $3.12 in earnings per share, indicating a potential increase of over 8 percent compared to the last quarter of 2023. With these figures in mind, investors and stakeholders will be eagerly awaiting Tesla's Q4 report and the insights it may offer into the company's future prospects.
The strategy of Tesla, beyond cars, involves investments in artificial intelligence (AI), Full Self-Driving (FSD) software, and humanoid robotics, which could drive future growth in technology and business.
Elon Musk, CEO of Tesla, attributes a potential increase in sales to an affordable model that the company has been announcing for the first half of 2025, aiming to boost finance and sales performance in the coming periods.
