Tesla breaks delivery record and promises cheap cars by 2025

Tesla published its financial results corresponding to the third quarter of 2024. A few days after unveiling the robotaxi and its autonomous mobility strategy, the manufacturer said the results were the best in a long time and added that the Cybertruck achieved positive gross profit for the period.

According to the official document, Tesla earned $25.2 billion. from July 1 to September 30. Of this amount, 20,016 million comes from automotive revenues, representing an increase of 2% over the previous year. The company, led by Elon Musk, spoke about a promising future in this segment.

Tesla reported that its cost of goods sold per vehicle reached the lowest level in its history at approximately $35,100. “To continue accelerating the world’s transition to sustainable energy, we need to make electric vehicles accessible to everyone, including making total cost of ownership per mile competitive with all modes of transportation,” he said.

In terms of profit, Tesla received $4.578 million. with growth of 20% year on year. “It’s remarkable that Tesla is profitable despite a very difficult situation,” Elon Musk said during a call with shareholders.

Musk emphasized that Tesla achieves record deliveries at a difficult time for the automotive industry. Total vehicle deliveries for the third quarter amounted to 462,890, of which 439,975 is the Model 3 and Model Y..

Tesla will release cheaper cars by 2025

Although the robotaxi presentation was scheduled, Tesla did not neglect another important direction for the company. In its financial report, Tesla promises that we will see more affordable models in the first half of 2025.

Rumors about a cheap Tesla electric car have been circulating for several months. Some reports have claimed that Elon Musk has given up on the idea of ​​producing Model 2 for $25,000With. Although a Tesla executive denied canceling the project, sources close to the company said the project lost funding at some point. Elon Musk later said that the company was working on a new car, but production will begin in the second half of 2025..

During a call with shareholders, Elon Musk took the opportunity to offer more details about his future autonomous driving plan. The tycoon said he is confident that Cybercab will go into mass production within two years. According to Musk, Tesla will produce 2 million robotaxis per year starting in 2026.

Regarding this line, the director said that the internal assessment is as follows. FSD will be safer than a human driver in the second quarter of 2025.

“There is no need to wait for Robotaxi or Cybercab to experience full autonomy. We hope to achieve this next year with our existing lineup of vehicles,” said Elon. “FSD is getting so good that it takes us a while to find the bugs. It takes a long time to figure out if software A is better than software B because neither makes mistakes.”