Tesla said that he is on the way to launching new models of cheaper electric vehicles in the first half of 2025, and that he would begin to try an autonomous transport service in June, which excited investors and eclipsed their quarterly results, which did not comply with With the expectations of Wall Street this Wednesday.
Tesla’s market value has shot with the election of Donald Trump as president of the US, who is a nearby ally of CEO Elon Musk. However, the electric car company registered a drop in deliveries last year, which increased the pressure to launch more affordable models, as well as autonomous vehicles and software that, according to Musk, support their financial future.
The shares rose 5% after Tesla announced that he was reducing costs and working in the new vehicles.
Musk told analysts and investors in a call that the company will begin to try a totally autonomous and payment service in Austin, Texas, in a few months.
“The Teslas will be circulating, with no one inside, in June, in Austin,” he said.
He added that his driver assistance software, known as Full Self-Driving (FSD), will have evidence not supervised in other states, including California, this year.
Tesla is trying to make cars at a lower price and said that the average cost of materials and labor to make their cars had reached its lowest level in the fourth quarter, driven by lower costs of raw materials.
Reuters calculations showed that the manufacturing cost of the Tesla had fallen to about $ 33,000 from almost $ 39,000 two years earlier.
Lee: Tesla investors bet on a cheaper electric model after a lukewarm
Tesla has a history of delays in the delivery of products, so its reaffirmation that the new vehicles will be ready in the first half of the year was seen as a positive sign, said Thomas Martin, senior manager of portfolio in Gloralt Investments, firm Tesla shareholder, who was also encouraged by cost reduction.
“They have been able to execute the cost cut. His ability to achieve it in the fourth quarter definitely cushioned the blow, ”he added.
Tesla last year abandoned her plans to build a cheaper vehicle platform for the mass market, commonly called Model 2, according to Reuters exclusively in April.
Instead, Musk said the company will use its current electric vehicles and its production lines to manufacture more affordable models this year.
Tesla announced that the commercial production of a Robotaxi is planned by 2026 in its Texas factory.
“People are interpreting the results as a sign that FSD and the Robotaxi could be on the horizon in the coming years,” said Will Rhind, CEO of the ETF Graniteshares global issuer. However, Musk warned that some computers in ancient Tesla models would have to be updated to use complete autonomous driving functionality.
Tesla has resorted to cheap financing to boost the demand for electric vehicles, a strategy that, according to analysts, will erode the margins of automotive gain in the next quarter, since the company absorbs the impact of high interest rates.
Tesla’s profit margin in the sale of vehicles, excluding regulatory credits, fell to 13.59% in the fourth quarter, from 17.05% of the previous period, according to reuters calculations. Wall Street expected 16.2%, according to the estimates of 23 analysts surveyed by visible Alpha.
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Tesla income in 4T is under expected
The income was 25,710 million dollars in the quarter from October to December, below the estimates of 27,270 million dollars, according to data collected by LSE.
The annual deliveries of Tesla fell for the first time last year, due to the highest financing costs and intense competition.
Rivals such as China Byd and European manufacturers such as BMW and Volkswagen have launched new cheaper models to gain market share.
Tesla said she expected her vehicle business to grow again this year, after a slight fall in 2024. Musk had said at the end of last year that she expected vehicle sales to grow between 20% and 30% in 2025, a projection that the company did not repeat in its results report.
Trump has promised to impose this year a series of import tariffs from Mexico, Canada, Europe and other United States commercial partners, a measure that could disturb supply chains and increase costs for car manufacturers such as Tesla.
Tesla’s financial director, Vaibhav Taneja, said tariffs, if they are imposed, would affect the business and profitability of Tesla, since it still depends on foreign suppliers.
Garrett Nelson, an analyst at CFRA Research, said the autonomous driving prospects were encouraging investors. It also considered positive the prognosis of a 50% increase in the implementations of its energy storage unit, which builds more resistant electricity network systems.
With Reuters information
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