Tesla expects upto 30% vehicle volume growth next year

Tesla is expecting up to 30% vehicle growth next year. These estimates are outside on any major negative event that could hinder production capacity.

Tesla CEO, Elon Musk shared this growth estimate during the Q3 2024 Earning Call, where he said the company is moving for a good 2025 with new products. He said the company is working on new affordable models without revealing the price or other details.

“I think it’s 20% to 30% vehicle growth next year, notwithstanding negative external events, like if there are some force or major events like some big war breaks out or interest rates go sky high or something like that,” said Musk during the earning call.

Tesla Model 3 (Image source – Tesla)

Previous report suggests that the company is also developing a refreshed Model Y, which could enter production in early 2025. This is the most popular SUV in the world and it continues to ramp up sales for the company.

An affordable model and refreshed Model Y could raise the possibility of meeting this volume target for next year and may eventually bring good outcomes compared to 2024.