Elon Musk, CEO of Tesla, announced on Wednesday (29) after disclosure of corporate balance, that the company has a “reached” way ahead to become the most valuable in the world because of its current efforts in robotics and in Autonomous vehicles, which are expected to hit US streets later this year.
Even with results for the fourth quarter below analyst estimates, Musk’s statement that 20% to 30% growth was possible in 2025, preparing the land “for what I think will be an epic 2026 and one Ridiculous 2027 and 2028 ”, encouraged the market and sustained Tesla’s actions on positive land.
The billionaire also announced the internal goal of building 10,000 humanoid robots optimus by the end of the year.
Revenue rose 2% in the last quarter of 2024, driven by the strongest demand for its energy storage products and increased sales of regulatory credits.
These credits, essentially pure profit for Tesla, are sold to other automakers who buy them to meet the exhaust emissions requirements defined by the US government. However, for your central automotive business, revenue fell 8%, in part because Tesla reached strongly in promotional offers in the period to boost sales.
Tesla faces a series of challenges the following year, including a CEO with attention divided by her other companies and her work as President Donald Trump advisor.
Musk’s close relationship with Trump was only mentioned once at Call with Wall Street, when an analyst asked Musk what the right policy would be to support sustainable transport in the US. Musk avoided the question. “At this point, I think sustainable transport is inevitable,” he said.
The company’s automotive business faces pressure, with demand weakening to its vehicles, including the new Cybertruck pickup, and competition increasing in China, where a price war in the electric car market has intensified.
