Tesla Inc. has announced a strategy that will involve higher costs than initially expected, but will allow the company to expand vehicle volumes more efficiently in uncertain times. During the last quarter, Tesla managed to generate 692 million dollars in revenue from the sale of regulatory credits to car manufacturers that must meet strict pollution standards.
The company is confident that vehicle sales will increase this year, after a challenging 2024 that did not meet expectations in terms of earnings. Advances in vehicle autonomy and new model plans are cited as key factors for a potential return to growth in 2025. An acceleration in earnings from artificial intelligence, software, and vehicle fleets is also expected.
Despite reporting its first annual decline in vehicle sales in over a decade earlier this month, Tesla's outlook on its future figures has provided some relief in the electric vehicle market. However, the company has not confirmed commitments to the ambitious goals set by CEO Elon Musk, who predicted a possible 30% growth for this year.
Tesla's shares rose 3.2% in extended trading in New York, erasing a previous decline and highlighting investor interest in the company's prospects despite the financial results. Elon Musk has been involved in various projects lately, from his social media company X to his efforts to reduce government spending.
Tesla is moving forward with plans to sell more affordable vehicles, with production estimated to begin in the first half of this year, while the Cybercab is expected in 2026. The company plans to manufacture the new vehicles using a combination of current production methods and a next-generation platform. Adjusted earnings for the last quarter were 73 cents per share, slightly below average analyst estimates.
