Tesla's Q4 Disappointment Revealed for May 25th: Affordable Electric Vehicle Promised before July, Focus on Optimus Project, AfD Mentioned
Tesla, the electric vehicle (EV) giant, reported its Q4 2024 financial results, with revenue of around $25.7 billion and earnings per share of $0.73. These figures fell short of analyst expectations, marking a slight dip in the company's performance.
The company attributed the shortfall to the switch to the updated Model Y, which will be produced in all four global factories from February 2025. This transition is expected to result in several weeks of production downtime in Q1 2025.
Affordable Tesla EV on the Horizon
In more positive news, Tesla is progressing on schedule with its plans for a more affordable EV. Initial production of this vehicle was completed in June 2025, and volume production is expected to ramp up in the second half of 2025. The vehicle, anticipated to launch in Q4 2025, will have a starting price around $36,000. This new model is based on the Model 3/Y platform and is designed to target a broader market with advanced Tesla technology features. The majority of production will take place at Tesla’s Austin Gigafactory.
The Status of Optimus Remains Unclear
Regarding the humanoid robot Optimus, there are no recent updates in the available data explicitly detailing its status for the first half of 2025. As a result, the current status of Optimus as of July 2025 cannot be confirmed.
Other Notable Developments
- Tesla did not reiterate its forecast of 20-30 percent more EV sales in 2025 as expected.
- CEO Musk has expressed support for the German political party AfD, which has been controversial and has resulted in several German companies distancing themselves from Tesla.
- In the long run, Tesla's humanoid robot, Optimus, is expected to make up the overwhelming majority of the company's value.
- The launch of a paid, driverless robotaxi service in the US city of Austin is planned for June, according to Tesla CEO Musk.
- A new electric vehicle subsidy program will start in Poland in February, offering up to around €9,500 in support. This service will not require highly precise maps of the area.
- Tesla's autonomous driving is expected to launch in Austin by June.
- The auto business margin, excluding the continued high earnings from the sale of CO2 credits, fell to 13.6 percent, the lowest in five years.
- Tesla is on track to launch a more affordable electric vehicle in the first half of 2025.
- Tesla plans to produce 10,000 units of the humanoid robot Optimus in 2025, with several thousand expected to be produced and deployed in Tesla factories.
- Tesla had around 126,000 employees at the end of 2024, about 10 percent less than a year earlier.
- The range of Tesla vehicles will continue to grow in the first half of 2025.
- The AfD party in Brandenburg has called for planning and supply security in a conflict with the local water association.
- AfD, a political party in Brandenburg, has given up its resistance to the Tesla factory in Grünheide near Berlin, acknowledging it as an important economic factor for the region.
- The first version of Optimus will serve as the basis for the second and is expected to be offered to external customers as early as the second half of 2026.
- A truly new Tesla in a more compact format will be introduced in the first half of 2025.
- Tesla aims to ramp up Optimus production faster than any other product in history, with plans for a production line for 1,000 units per month, followed by lines for 10,000 and 100,000 units.
- In an effort to cater to a broader market, Tesla is set to launch a more affordable electric vehicle based on the Model 3/Y platform in Q4 2025, with an anticipated starting price of $36,000.
- Amidst the discussion on advanced technology, Tesla's humanoid robot, Optimus, has yet to reveal its status for the first half of 2025, leaving its current condition uncertain.
- As the tech-savvy company evolves, Tesla's business and finance operations are not only focused on electric vehicles but also on making strides in areas like robotics and autonomous driving, targeting the launch of a paid robotaxi service in the US city of Austin in June and a more compact electric vehicle in the first half of 2025.
