Musk predicts Tesla sales will surge 30% in 2025

Tesla’s car sales will increase by 20% to 30% next year, at least that’s what CEO Elon Musk predicts. The automaker is already the most profitable electric vehicle maker in the industry. Musk has always said that now, the path to further success appears to be paved with more affordable models and autonomy.

At Tesla’s third-quarter shareholder meeting, Musk mentioned his forecast for sales growth of 20% to 30%, entirely on his own initiative and not as an answer to a shareholder question.

Read: Cybercab has no charging port, but Tesla promises 90% wireless efficiency

Musk, who is often known for his overly optimistic timetables, said: “To take a little risk, I do want to give a rough estimate that I think car sales will grow 20% to 30% next year.” Hovering. After a while, he repeated the instructions. “With the emergence of our lower-cost vehicles and autonomous driving technology, my best guess is that the growth rate next year is about 20% to 30%.” After the conference call, Tesla’s stock price rose about 12%.

Instead, Tesla is expected to offer deeper discounts on its Model 3 and Model Y series next year. Additionally, the Cybertruck could also become cheaper if Tesla follows through on its promise to produce a cheaper version of its electric truck.

If all goes according to plan (and let’s be honest, when has this ever happened to Tesla?), then whatever happens in 2025, there should be significant growth by 2026. At that time, Musk expected Cybercab to reach full production. “Our goal is to produce 2 million units a year…maybe eventually 4 million units,” Musk continued. While Cybercab is clearly not a highly profitable business, its sales alone are likely to be significant.