Tesla (TSLA) expects to break its Q4 record for vehicle deliveries, a big step for the automaker despite its stock being down. TSLA stock is down for the third straight day, as it hopes to rebound before 2025 begins. The company was a huge player on the stock market in 2024, with a year-to-date gain of over 60%. Tesla also brought in decent earnings each quarter in fiscal 2024 thus far, with Q4 looking great based on current sales. Come January 2025, how could Tesla stock perform after closing out the year strong?
Since November, Tesla stock has continued to break records, as experts are projecting US President-elect Donald Trump to bring even more gains to the electric vehicle manufacturer. Indeed, the company’s CEO, Elon Musk, is set to play a major role in the incoming presidential administration. That could end up being huge for the company. Coinciding with a potential record-breaking Q4, January could be big for Tesla.
Several analysts see the EV giant setting a new quarterly record for vehicle deliveries. Tesla will report fourth-quarter and full-year deliveries and production figures, likely before the open on Thursday, Jan. 2. Analyst consensus has Tesla reporting record Q4 deliveries slightly above 500,000. Additionally, a note last week from Barclays estimated Tesla’s total Q4 deliveries at 515,000 units, the magic number which would represent year-over-year delivery growth compared to 1.8 million in 2023. The analysts wrote this will “keep the stock’s narrative momentum strong.”
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Tesla Stock Price Predictions Continue to Rise
Price predictions for Tesla are getting higher as 2025 nears, with the EV maker set to be a top performer. While its electric vehicles are the core of the company’s profits, the EV maker also hopes to splash in other technology fields. Elon Musk has long hinted at autonomous driving and robotaxi networks powered by Tesla’s AI systems. This vision is becoming a reality as the company enhances its Full Self-Driving (FSD) software. Successfully launching this software will certainly peak investors’ interest, as they are already hyping TSLA stock ahead of 2025.
Furthermore, Musk’s Tesla Optimus robot is another push by the company into autonomous, AI-powered labor/assistance. Optimus is a humanoid robot built by Tesla and designed to interact with its surroundings using two arms, hands, and legs. Displaying the AI robots at a recent event, Elon Musk said about the Tesla bots “I think this will be the biggest product ever of any kind. Tesla’s moves in AI for its vehicles and new robots are expected to reap huge benefits for investors.
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Tesla’s TSLA stock gained 2.5% last week and is up 25% in December. TSLA has many factors going in its favor in 2025, making it a strong consideration for early tech stock of the year next year.
