Tesla has surpassed all of its rivals in valuation.
Ford, a legacy automaker with a 100-year head begin, is price a fraction of Tesla’s $1.3 trillion valuation.
Tesla international deliveries by 12 months
- 2024: 1.79 million
- 2023: 1.81 million
- 2022: 1.37 million
- 2021: 936K
- 2020: 499K
- 2019: 367K
Supply: Statista
Whereas Tesla bought solely a fraction of the 4.47 million automobiles that Ford bought globally in 2024, buyers who lately accepted Elon Musk’s $1 trillion pay bundle imagine the corporate is simply getting began.
Nevertheless, Tesla seems to be experiencing some difficulties currently.
Tesla’s international gross sales fell 12 months over 12 months for the primary time in 2024. After delivering 1.8 million automobiles in 2023, the corporate solely bought 1.78 million the following 12 months.
Thus far this 12 months, Tesla has delivered 1.49 million EVs, following a powerful third quarter that noticed the corporate ship almost 500,000 automobiles. It’ll want one other robust quarter to keep away from one other 12 months of falling gross sales.
Regardless of this actuality, buyers see a vibrant future led by Elon Musk, humanoid robots, and autonomous automobiles. This week, Musk took to X to take a shot at his inside combustion rivals.
Tesla’s international gross sales dropped 12 months over 12 months for the primary time in 2024.
Photograph by CFOTO on Getty Pictures
Elon Musk says his auto rivals don’t need his know-how
Tesla has been engaged on Full Self-Driving for over a decade, and regardless of some missed deadlines and some delays, it has achieved near-top-of-the-line stage 2 autonomy.
The Society of Automotive Engineers’ stage 2, as defined by Fierce Sensors, can management each steering and velocity on the similar time — for instance, to assist with steering as a way to heart the automobile inside a lane.
Associated: Tesla will get a solution for its FSD ambitions in Europe
Tesla FSD has way more model recognition than Ford BlueCruise, Chevy Tremendous Cruise, or Stellantis AutoDrive.
On Nov. 24, Musk went on X (previously Twitter) to take a shot at his rivals.
“I’ve tried to warn them and even offered to license Tesla FSD, but they don’t want it! Crazy…” Musk tweeted. “When legacy auto does occasionally reach out, they typically discuss implementing FSD for a tiny program in 5 years with unworkable requirements for Tesla, so pointless.”
Tesla shares had been down 0.8% eventually examine the afternoon of Nov. 24.
Ford, GM, and Stellantis have not given up on their very own autonomous driving tech
Primarily based on his tweet, Elon Musk appears to imagine that simply because FSD is forward of its rivals now, they don’t seem to be additionally nonetheless engaged on the know-how. Primarily based on current developments, that’s clearly not the case.
Ford BlueCruise first launched in 2021 and is at the moment out there for a subscription worth of $49 per thirty days, $495 per 12 months, or $2,495 for a lifetime plan.
Associated: Tesla fans take Elon Musk’s cross-country FSD problem
Chevy Tremendous Cruise additionally presents stage 2 automation for between $20 and $40 per thirty days, relying on the car, and preliminary {hardware} must be added, which might value hundreds.
However the first three years of connectivity are included with the acquisition of a brand new car.
Tesla efficiency benchmarks for Elon Musk $1 trillion pay bundle:
- 20 million Tesla automobiles delivered
- 10 million energetic FSD subscriptions
- 1 million bots delivered
- 1 million Robotaxis in business operation
- $400 billion of Adjusted EBITDA over 4 separate quarters
Tesla FSD might be bought outright for $8,000 or by way of a subscription of $99 month-to-month.
In contrast to Tesla FSD, Tremendous Cruise and BlueCruise are restricted to pre-mapped routes. However the individuals at MotorTrend nonetheless choose each of these superior driver help techniques to what Tesla presents.
“We own a Model Y with FSD, and although we’ve been amazed at its attempts to navigate complex situations, we’ve been equally amazed at how it randomly decelerates, changes lanes for no apparent reason, or responds to a road closure by endlessly circling the block,” MotorTrend reported.
“More alarming, we’ve had so many near-collisions with FSD that we’ve begun to question whether it’s responsible to keep using it,” MotorTrend’s Aaron Gold stated whereas reviewing one of the best automobile tech of 2025.
Each Tremendous Cruise and BlueCruise have limits that FSD doesn’t, the group Private Harm, Social Safety Incapacity shared. But Tesla’s rivals are clearly nonetheless engaged on their very own model of autonomous driving. They need not accomplice with Tesla, at the very least in the intervening time.
Associated: Ford CEO Jim Farley shares ‘surprising’ lesson he realized from Tesla
