Tesla’s potential expansion into the Indian market is not expected to significantly impact the company’s global delivery numbers, according to researcher Troy Teslike. In a recent social media post, Teslike stated that 2025 will be another “down year” for Tesla, with global deliveries falling from the previous year’s numbers.
Expected Delivery Numbers for 2025
Teslike predicts that Tesla’s deliveries will be 1% below the numbers reported in 2024. In 2024, Tesla delivered 1.79 million vehicles globally, down from 1.81 million in 2023. This marks the first decline in over a decade.
India: A Tiny Market for Tesla
Despite India’s large population, it is considered a “tiny market” in Tesla’s price range, according to Teslike. This suggests that even if Tesla does expand into India, it may not have a significant impact on the company’s overall delivery numbers.
Response to Optimistic Predictions
Teslike’s comments were in response to fund manager Gary Black’s optimistic predictions about Tesla’s stock performance. Black believes that Tesla’s stock will outperform the NASDAQ as global EV adoption increases to 50% by 2030. However, Teslike is more cautious, citing concerns about Tesla’s ability to achieve significant growth in the near future.
Previous Predictions
Earlier this month, Teslike predicted that Tesla’s deliveries could drop below 400,000 units in the first quarter of 2025. This would be the first time the company has reported quarterly deliveries below 400,000 units since the third quarter of 2022.
Tesla’s Growth Expectations
Tesla CEO Elon Musk has stated that he expects a 20-30% increase in deliveries in 2025. However, the company has since toned down its growth expectations, stating that it anticipates the vehicle business to “return to growth” in 2025.
New Vehicle Production and Hiring
Tesla has announced plans to start production of new vehicles, including more affordable ones, in the first half of 2025. The company is also hiring for multiple job roles in India, implying an imminent launch in the country.
Conclusion
While Tesla’s expansion into India may generate buzz, it is unlikely to have a significant impact on the company’s global delivery numbers. With predictions of another down year in 2025, Tesla will need to focus on other areas of growth to meet its expectations.