[Click eStock] "Tesla's 2025 Sales Depend on Model Q"

On the 24th, SK Securities analyzed that Tesla's 2025 sales volume will be influenced by the newly launched Model Q.

Elon Musk, who has an optimistic timeline, mentioned that vehicle sales in 2025 will increase by 20-30%.

Tesla vehicle sales in 2024 are expected to remain at the previous year's level. The launch of the Model Y F/L (Juniper) is expected in early 2025, which could increase Model Y sales; however, since there was no significant change in Model 3 sales in China and the US after the F/L (Highland) launch, the contribution to sales growth in 2025 is expected to be limited.

The Cybertruck is estimated to have sold 16,602 units in the third quarter, and since it is not a volume model, it does not significantly affect overall company performance.

Model Y is scheduled to begin production this month or next month at the Shanghai factory in China. The official announcement and launch are expected in the first quarter of next year. A 5-seater version is anticipated to be released in China. In the US and other regions, it is expected to be launched shortly after the China release. An additional model, a 7-seater version, is expected to be released in China in the fourth quarter of next year. A performance model is anticipated in the latter half of 2025.

The launch of Model Q (Redwood) is also expected in the second half of 2025. Production is expected on the Model Y production line. The target price is under $30,000 after subsidies. The production goal is 500,000 units annually, or 10,000 units per week. The design is 15% shorter in length than Model 3 and 30% lighter in weight. It is a compact SUV or crossover style. Performance and battery specifications include rear-wheel drive with a single motor and a 53kWh LFP battery, and all-wheel drive (AWD) with dual motors and a 75kWh LFP battery. The driving range is up to 500 km.

This content was produced with the assistance of AI translation services.