Despite residual macroeconomic uncertainty, experts predict increase in car deliveries and developments in artificial intelligence and autonomous driving technology, hence raising expectations in Tesla (TSLA, Financials) for 2025.
With little increase in car deliveries for 2024, Tesla hopes to exceed the 1.8 million vehicles sold in the year before. Fourth-quarter deliveries are expected by analysts to surpass 515,000 units, which will help to define Tesla's success in 2025. With the Model 3 and Model Y accounting for the most of the roughly 462,890 cars the company's Q3 2024 deliveries totaled—a 6% year-over-year increase.
Notable experts have lately entered on Tesla's future. Rising his price target to $515, Dan Ives of Wedbush Securities cited possible advantages from developments in artificial intelligence and autonomous driving technology. Under ideal circumstances, he said, Tesla's stock may rise to $650 by 2025.
Emphasizing faith in the leadership of Tesla in autonomous technology, Garrett Nelson of CFRA maintained a "Buy" recommendation for the firm. He pointed out that customer desire and government backing may help Tesla expand.
As a 2025 trigger, Bank of America analysts noted rising Semitruck and Cybertruck manufacturing by Tesla. Barclays underlined, however, Tesla's need to keep innovation in autonomous cars and velocity of delivery to be competitive.
The way Tesla meets delivery objectives and negotiates legal surroundings will determine its success in 2025. Analysts also stress how fresh product introductions—including the Cybertruck—help to shape consumer interest and financial performance.
