But with self-driving technology still under development and years away from commercialisation, analysts have said Tesla would have to rely on its promised cheaper versions of current cars and the success of Cybertruck to achieve Musk’s target of 20 per cent to 30 per cent sales growth in 2025.
The truck, known for its futuristic design, has been showing signs of weakness in demand.
Tesla is yet to disclose the delivery numbers for its Cybertruck. The company said on Thursday it handed over 471,930 Model 3 and Model Y vehicles and 23,640 units of other models, including the Model S sedan, Cybertruck and Model X premium SUV.
Overall, Tesla delivered 495,570 vehicles in the three months to Dec 31, missing estimates of 503,269 units, according to 15 analysts polled by LSEG. It produced 459,445 vehicles in the period, down about 7 per cent from a year earlier.
Deliveries for 2024 totaled 1.79 million, 1.1 per cent lower than the prior year and below estimates of 1.806 million units, according to 19 analysts polled by LSEG.
Tesla’s 2024 deliveries were ahead of BYD, which reported a 12.1 per cent rise in sales of battery-electric vehicles to 1.76 million in 2024, thanks to competitive prices and a stronger push into Asian and European markets.
