Tesla reported lower-than-expected profits for the fourth quarter, but the company remains optimistic about future growth. CEO Elon Musk stated that Tesla will return to sales volume growth and progress towards fully autonomous driving by 2025. Despite facing challenges like increased competition and economic pressures, Musk remains confident in Tesla's long-term potential, particularly in its autonomous driving and robotics ventures.
Tesla has reported lower than expected profits, but will return to sales volume growth and move forward with fully autonomous driving.reported lower than expected profits on Wednesday, but confirmed key 2025 benchmarks, saying it will return to sales volume growth and move forward with fully autonomous driving.
Musk has sought to temper expectations about Tesla’s near-term financial growth, while employing superlatives in touting Tesla’s autonomous driving and robotic ventures, saying they could make Tesla “the most valuable company in the world by far, worth more than the next five companies combined.” But Tesla expects growth in 2025, saying in its earnings release that “with the advancements in vehicle autonomy and the introduction of new products, we expect the vehicle business to return to growth in 2025.”
Musk said he intends to launch FSD as a paid service in Austin, Texas this year, where the company also plans to introduce robotaxi services. And only days after being criticized for a hand gesture at Trump’s inauguration that resembled a Nazi salute, Musk drew scrutiny last weekend for reiterating support for Germany’s far-right, anti-immigrant AfD party, including comments that young Germans should feel able “to move beyond” expressing regret for the Holocaust.
TESLA PROFITS AUTONOMOUS DRIVING ELON MUSK GROWTH
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