The Tesla CEO is back with another prediction, and the stockholders loved it
At a shareholder meeting, Elon Musk forecast Tesla ’s 2025 sales would rise by 20% to 30%. He says that best guess is the result of plans for a lower-cost vehicle and autonomy. The company's shares jumped over 10% following Musk’s optimistic sales outlook. Tesla is going to sell 20 to 30 percent more cars next year, or at least that is what CEO Elon Musk is predicting. The automaker is already the most profitable EV manufacturer in the business.
With our lower-cost vehicles, with the advent of autonomy, something like 20 to 30 percent growth next year is my best guess. Share prices for Tesla jumped some 12 percent after the call. The only car company anywhere close to Tesla in terms of global BEV market share is BYD. If Tesla can buoy sales by as much as Musk predicts, it'll make it all the more difficult for mainstream brands to catch up. Notably, Tesla won't be doing that with a $25,000 car.
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