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 greeting service
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 diving in sender last year, raising it to make low -priced models such as autonomous 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, driving at more costs low raw material.
Tesla has a product delivery history and the recognition of the company 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, goes back 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 Graniteshares emitter. However, Musk said computers in some old teslas should be improved for full self-direction.
Tesla has used free funding to pump Evando, a strategy predicted that strategy analysts would erode automobile profit margins in future neighborhoods 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 23 analyzes surveyed by visible alpha.
Revenue was $ 25.71 billion for the December quarter of October, compared to $ 27.27 billion, according to estimates compiled by LSEG.
EV Pioneer’s annual surrender drops for the first time last year, the second for higher borrowing costs 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 CFR Research, said self-direction prospects 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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