Tesla alerts that the volume growth rate for 2024 “may be significantly reduced.”

Tesla reported slower volume growth rates for 2024 compared to 2023 in its recent earnings report. Despite this, the company remains optimistic about the launch of its next-generation vehicle and other products. The energy storage division is expected to surpass the Automotive business in deployments and revenue. In the second quarter, Tesla produced 411,000 vehicles and delivered 444,000 vehicles, along with a record 9.4 GWh of energy storage products. As of the latest update, Tesla’s shares are down 3.40% in after-hours trading. The company anticipates a focus on autonomy and new product introductions for future growth.