Tesla plans to deliver an extra ~500,000 electric cars next year, here’s how
Tesla disclosed that it is planning to return to growth in vehicle deliveries next year with an extra ~500,000 electric cars.
Here’s how it plans to do it.
For years, Tesla has been guiding a roughly 50% growth rate in EV deliveries leading to 20 million cars per year in 2030.
That growth crashed this year, and Tesla is now expected to be roughly flat in terms of car deliveries in 2024 compared to last year.
Interestingly, the pause in growth has encouraged Tesla to share some more precise growth guidance for the first time in a while.
Tesla has shared that it plans to grow deliveries between 20 and 30% in 2025.
If Tesla can deliver a record number of 515,000 vehicles in Q4, as guided, it will deliver about 1,850,000 in 2024.
It means that Tesla expects to deliver between 2.2 and 2.4 million electric vehicles in 2025.
Tesla has grown at a 30% rate in the past, but it has never done it when it was producing vehicles at such a high rate.
It’s going to be a difficult task, but Tesla has a plan to make it happen.
After a full year of production in 2024, Cybertruck is expected to contribute more in 2025.
Tesla currently lists a production capacity about 125,000 units. That’s likely more than twice as many Cybertrucks as Tesla is expected to deliver this year.
It remains to be seen if Tesla can find the demand for it, but the Cybertruck’s production ramp should contribute to Tesla’s growth in 2025 – although it will be far from enough to reach the goal.
The real contributors are expected to be two new vehicles that Tesla is planning to launch in the first half of 2025.
Earlier this year, we reported that Elon Musk had canceled plans for new, cheaper Tesla vehicles built on the new ‘unboxed’ platform, often referred to as “the $25,000 Tesla.”
He has instead pushed for two new vehicle programs that incorporate some of the features of the new platform, but they are still primarily based on the Model 3/Y platform – so much so that they will be built on the same production lines.
These currently unnamed new vehicles are expected to be cheaper than Model 3/Y, which currently start at $43,000 before incentives – likely closer to $30.000-$35,000.
Those vehicles are expected to contribute more to Tesla’s growth, but since they will only launch in the first half of 2025, the contribution will be somewhat limited in 2025 as Tesla ramps up production.
When discussing the growth guidance, Musk mentioned the “lower-cost vehicles” as contributing to the growth, but he also said that “the advent of autonomy” would contribute:
We can’t overcome massive force majeure events, but I think with our lower-cost vehicles with the advent of autonomy, something like a 20% to 30% growth next year is my best guess.
It sounds like he means that the improvements in Tesla’s Full Self-Driving will help Tesla sell more vehicles.
We previously reported on Musk explaining Tesla’s plan to roll out its unsupervised self-driving next year.
Electrek’s Take
I have already extensively shared my doubts about Tesla’s capacity to release unsupervised self-driving this year, so I don’t think it’s worth going too much into.
FSD will likely improve next year and it could convince some people to buy Tesla vehicles, but I doubt it will be a significant factor.
The new cheaper models are where the real opportunity is at, but like I said, it will depend on the production ramp.
I think it’s also important to think about cannibalization.
Many people think that because the new vehicles will be produced on the same production lines as Model 3 and Model Y they will look very similar, but that’s not necessarily the case. Tesla produces Model S and X on the same line, and they are fairly different.
But even if they are fairly different, they will likely steal some sales from Tesla’s lower-end vehicles.
I think Tesla can achieve that growth next year, but it won’t be easy.
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T1 Energy (NYSE: TE), formerly FREYR Battery, kicks off preparations for its new solar cell factory, set to be one of the largest in the US.
T1 Energy has chosen Yates Construction as the contractor for preconstruction services and site preparations for its planned $850 million, G2_Austin 5 GW Solar Cell Facility.
The G2_Austin site is in Milam County, Texas, in the Advanced Manufacturing and Logistix Campus at Sandow Lakes.
It’s expected to create up to 1,800 new direct US advanced manufacturing jobs. Construction is on track to kick off in mid-2025, and the facility is expected to begin producing cells by the end of 2026. There are currently far fewer solar cell manufacturing sites in the US than solar module factories, according to the SEIA.
On December 24, FREYR announced that it had closed its acquisition of China-headquartered Trina Solar’s 5-gigawatt (GW), 1.35 million-square-foot solar panel factory in Wilmer, Texas. The company renamed the factory G1_Dallas, which employs more than 1,000 people and is now fully online.
Daniel Barcelo, T1’s chairman of the board and CEO, said, “Our facilities will manufacture solar cells and modules to invigorate our economy with abundant energy. We’re excited to work with Yates and Milam County to bring American advanced manufacturing to the heart of Texas and to unlock our most scalable energy resources.”
T1 Energy says it anticipates finalizing commercial terms with Yates Construction as General Contractor.
Read more: FREYR rebrands after killing its $2.6B Georgia battery factory plans
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![Kia's affordable EV2 may be small, but it looks bigger in person [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/05/Kia-EV2-closer-look.jpeg?resize=1200,628&quality=82&strip=all&ssl=1)
The EV2 is set to arrive as Kia’s smallest and most affordable electric vehicle next year. With its official debut coming up, the electric SUV was spotted driving on public roads. The electric SUV may be small, but it looks bigger in person.
Kia’s new EV2 is an affordable, small electric SUV
Kia has yet to say precisely how big the EV2 will be, but it’s expected to be around 4,000 mm (157″), or slightly smaller than the EV3 at 4,300 mm (169.3″). That’s even more compact than the outgoing Chevy Bolt EV (163.2″).
During its EV Day event in April, Kia unveiled the Concept EV2, a preview of the entry-level EV that will sit below the EV3.
Although it’s the brand’s smallest EV, Kia promises that it will feel larger when you’re inside. The EV2 sits higher than you’d expect with a wide front end, giving it a bigger presence on the road, similar to the three-row EV9.
We got a sneak peek at Kia’s affordable EV last month after it was spotted testing on public roads in Korea, but the latest sighting gives us a closer look at the EV2 in its production form. The new video from HealerTV reveals a few details that could look a little different from the concept.
The footage shows what appears to be different daytime running lights (DRLs). When Kia unveiled the Concept EV2 in April, it featured a unique split vertical headlight design.
The EV2 spotted driving still has the split design, but both the inner and outer lights appear to be angled more inwards. It’s not a huge difference, but given most of Kia’s new EVs look almost identical to the concepts, this could be something to keep an eye on.
Prices, specs, and more
Despite being an entry-level model, the EV2 is still equipped with advanced technology and features, including vehicle-to-load (V2L) capability, which allows it to power a campsite, home appliances, and other electronics. With OTA updates, it will only get smarter and more advanced over time.
The interior will feature Kia’s new ccNC (connected car Navigation Cockpit), which features dual 12.3″ driver cluster and touchscreen navigation screens in a panoramic display.
Like its other new EV models, it’s also expected to include a 5″ climate control display for nearly 30″ of screen space.
Kia plans to launch the EV2 next year in Europe and “other global regions.” For those in the US, sorry to disappoint, but it’s not expected to make the trip overseas. We do have the EV4, Kia’s first electric sedan, to look forward to.
We will learn prices and final specs closer to launch, but given it will sit below the EV3, it will likely be cheaper than that.
The EV3 starts at £32,995 ($44,800) in the UK and €35,990 ($41,600) in Europe. Kia’s CEO, Ho-Sung Song, told Autocar in 2023 that the company aims to launch the EV2 at around £25,000 ($32,000) in the UK. With new battery technology and other advancements, it could be even more affordable when it arrives next year.
Kia isn’t the only automaker gearing up to launch a new entry-level EV. Last week, we got a glimpse of the upcoming Volkswagen ID.2 after it was spotted in public testing.
Should Kia bring the EV2 to the US? Would you buy one for around $30,000 or even slightly less? Drop us a comment below and let us know.
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Environment
This electric pickup is taking Korea by storm, now it’s going global on a ‘full-scale conquest’
It’s not a Kia or Hyundai, but the Musso EV pickup truck is shaking up the Korean Market. After the first models left for Europe, the company’s CEO is already saying it will be a “driving force” as it goes on a global conquest.
Korea has a new EV pickup that’s going global
During an event celebrating the first exports of its new Musso EV and Torres HEV pickup trucks, KG Mobility’s CEO, Kwak Jae-Seon, said the new models “have already received favorable reviews and garnered much attention from reporters and sales agents.”
KG Mobility (KGM) expects them to serve as “a driving force” as it expands exports into new global markets. The first Ro-Ro (Roll-on/Roll-off) hit the seas on June 12 carrying 983 vehicles, 184 Musso EVs, and 799 Torres HEVs.
The vessel is headed for Europe, where the first models will be sold in Germany, Spain, Norway, Hungary, and other markets, starting in August.
Jae-Seon, who personally drove the Musso EV onto the car carrier, said during the event that pickup is now on a “full-scale conquest” as it rolls out globally.
KGM’s EV pickup has already generated quite the buzz in Korea, beating Hyundai and Kia to the first fully electric pickup truck.
After launching the Musso EV pickup in Korea in March, the company announced it had secured over 3,200 orders in two weeks. The Special Edition model sold out in an hour and a half.
KGM promotes the vehicles as “a new alternative to mid-size SUVs” that’s more useful as an everyday ride with more interior space.
Measuring 5,160 mm long, 1,920 mm wide, and 1,740 mm tall, the electric pickup is about the size of a Ford Ranger (5,225 mm long, 1,910 mm wide, and 1,866 mm tall).
The infotainment system looks a lot like new Hyundai and Kia EVs with a dual 12.3″ driver cluster and touchscreen navigation screens in a panoramic display.
It also comes with a Land Rover-like ClearSite Ground View camera, allowing you to see what’s beneath you through several strategically placed cameras.
The electric pickup is powered by an 86.6 kWh LFP battery, providing a range of nearly 250 miles (400 km). With up 200 kW fast charging, it can recharge to 80% in 24 minutes.
KGM’s Musso EV is available in both single (FWD) and dual-motor setups. The FWD version features a 152.2 kW front motor, producing up to 207 horsepower, while the AWD model boasts up to 413 horsepower. It can tow almost 4,000 lbs (1.8 tons) and includes a “trailer sway function” to stabilize the vehicle while towing.
The Musso EV pickup starts at 48 million won, or about $35,000. With incentives, KGM says the purchase price is closer to 39.62 million won ($29,000).
With more monthly exports in May than it has in 10 years, KGM expects the Musso EV pickup to accelerate the momentum.
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