Additional Coverage:
- Tesla enters new year with laundry list of promises to fulfill after shocking market with its first-ever annual sales decline (newsbreak.com)
Elon Musk’s goal to increase Tesla sales in 2024 has faltered, casting doubt on the company’s ambitious plans for 2025. Musk must deliver on several milestones, including the launch of new vehicles and autonomous driving features, to maintain Tesla’s high valuation.
Despite falling short of its sales target, Tesla remains optimistic. The company has unveiled a lineup of new vehicles, including a redesigned Model Y, the Semi truck, and a second-generation Roadster.
However, a key element of Tesla’s growth strategy is the full self-driving (FSD) system. Musk has repeatedly promised to launch unsupervised FSD, but the technology has faced setbacks. Tesla has invested heavily in a new AI training center in Texas, which Musk believes will enable him to deliver on FSD this year.
Investors remain hopeful that Tesla can overcome its challenges. The company’s recent support for Donald Trump’s presidential bid has renewed confidence in Musk’s ability to navigate regulatory hurdles and capitalize on technological trends. However, Tesla’s valuation remains high, and it faces competition from rivals like BYD.