Part 8/15:
Tesla CEO Elon Musk confidently projected exceeding $100 billion in revenue for 2024 during a recent interview. This optimism is grounded in the strong order flow across both auto and energy segments, setting the stage for a record-breaking year.
While record revenues are anticipated, profitability in Q4 is projected to reach around $5.6 billion, making it the second-highest profit quarter in Tesla’s history. The key to sustained growth lies in the ongoing product refreshes, the ongoing ramp of Shanghai-made vehicles, and highly anticipated innovations such as RoboTaxis in Texas and California, the Tesla Semi, and the humanoid robot expected to begin production in 2026.