Tesla shareholders and investors would probably attest to the fact that Tesla hasn't start 2024 off with a bang. Between the car recalls, a reducing profit margin, competition from BYD and Elon Musk's constant antics on X, Tesla had $80 billion in market value wiped out on the 25/01/24. Investors are now wondering if there a cause for concern, but there is no such thing as a certain future. While the future is promised to no one, here are some interesting milestones Tesla Investors and Shareholders should look forward to:
1. Tesla's vehicle volume growth rate may be notably lower than the growth rate achieved in 2023. This is due to the company's focus on launching the next-generation vehicle at Gigafactory Texas. However, Tesla is guiding better performance for its energy storage business.
2. Elon Musk has expressed his desire to boost his Tesla stake to 25% from the current 13%. This could have a significant impact on the company's future direction.
3. Tesla is set to begin production of a new electric vehicle nicknamed "Redwood" in 2025. This car is expected to be priced at $25,000 and will be a game-changer in the electric vehicle market.
4. Tesla is also working on developing new battery technology that will allow for longer ranges and faster charging times. This technology could be a major breakthrough for the electric vehicle industry.
5. Tesla is planning to expand its Supercharger network to 25,000 charging stations worldwide by 2025. This will make it easier for Tesla owners to travel long distances without worrying about running out of charge.
6. Tesla is planning to launch a new semi-truck in 2025. This truck is expected to have a range of up to 500 miles on a single charge and will be a major step forward for electric vehicles in the commercial sector.
7. Tesla is planning to launch a new sports car in 2025. This car is expected to be even faster than the current Tesla Roadster, which can go from 0 to 60 mph in just 1.9 seconds.
8. Tesla is planning to launch a new ride-hailing service called "Tesla Network". This service will allow Tesla owners to rent out their cars to other people when they're not using them. It's expected to launch in 2025.
Source
(1) Tesla (TSLA) warns of 'notably lower' growth in 2024 | Electrek. https://electrek.co/2024/01/24/tesla-tsla-warns-notably-lower-growth-2024/.
(2) Elon Musk Explains Why He Wants 25% of Tesla On Earnings Call - Observer. https://observer.com/2024/01/elon-musk-explain-seeking-tesla-ownership/.
(3) Tesla's highly-anticipated $25,000 car set to start production next .... https://www.thestreet.com/electric-vehicles/tesla-elon-musk-next-generation-electric-vehicle-2025.
(4) Tesla next-gen electric cars are coming in 2025, supplier sources say. https://electrek.co/2024/01/24/tesla-next-gen-electric-cars-coming-2025-supplier-sources/.
(5) Tesla plans to make new mass market electric car model in mid-2025. https://www.theguardian.com/technology/2024/jan/24/tesla-new-car-model-2025?ref=upstract.com.