Tesla reveals Q4 2024 business statistics, projections for electric vehicle and Full Self-Driving system sales
Tesla's Q4 2024 results were announced on Wednesday, 29th January, with the company reporting a record-breaking sale of 495,000 electric vehicles, surpassing the previous quarter's sales of 490,000 units [1]. Despite this, the company missed its own sales target for Q4 2024 by approximately 20,000 units, with the original target set around 515,000 units [2].
The earnings per share (EPS) for Q4 2024 was estimated at $0.77 according to IBD, representing an increase of around 8% compared to the last quarter of 2023 [3]. This earnings estimate would not set a new record, with the company reporting diluted EPS of $3.12 for the whole year in 2023 [4].
The Q4 report is expected to provide an outlook on Tesla's future business development. Analysts predict a record increase in Tesla's revenue for Q4 2024, with an average expected revenue of $27.2 billion [5]. If Tesla reaches this forecast, it would represent an increase of around 8% compared to the previous quarter and exceed the previous record of $25.5 billion set in Q2 2024 [6].
Looking ahead, Tesla is planning to release a more affordable electric vehicle model in the first half of 2025 [7]. Elon Musk, Tesla's CEO, expects a 20-30% increase in electric vehicle sales in 2025 [8]. However, the company has withdrawn its formal sales growth guidance for 2025 due to disappointing quarterly sales and ongoing uncertainties [2][3].
Elon Musk believes the AI sector, including autonomous cars with FSD software and robots, has more potential [9]. Projections for the further development of electric vehicles and the software FSD for autonomous driving are also expected [10]. Shareholder questions and answers from the Tesla management are planned for later this Wednesday [11].
In summary, while Tesla initially forecasted about 30% sales growth for 2025 according to Musk, the company later withdrew this forecast due to disappointing quarterly sales and ongoing uncertainties, making the true 2025 growth outcome unclear as of August 2025 [1][2][3].
References:
[1] Tesla's Q4 2024 sales beat record, but missed target
[2] Tesla withdraws 2025 sales growth forecast
[3] Tesla misses Q4 2024 sales target by 20,000 units
[4] Tesla's Q4 2024 results: What to expect
[5] Analysts expect record revenue for Tesla's Q4 2024
[6] Tesla's Q4 2024 revenue forecast
[7] Tesla to release more affordable electric vehicle model in 2025
[8] Elon Musk expects a 20-30% increase in Tesla's electric vehicle sales in 2025
[9] Elon Musk on the future of AI
[10] Projections for the further development of electric vehicles and the software FSD for autonomous driving
[11] Tesla shareholder questions and answers scheduled for Wednesday
The record-breaking financial success of Tesla, as reported in Q4 2024, has not gone unnoticed in the realm of business and investing, with analysts predicting a record increase in revenue for the quarter. However, the company's strategy for technology development extends beyond vehicles, as Elon Musk expressed interest in the potential of AI, including autonomous cars and robots.
