Gary Zhou 
- 🚗 Deepwater Asset Management advises Tesla to keep quiet about its Robotaxi program in 2024.
- 💰 The firm suggests that revealing the Robotaxi could negatively impact sales of Tesla’s lower-priced cars due to the new vehicle’s expected price point.
- 📉 Deepwater’s 2024 Tech Predictions also include the expectation that global EV sales will decline, and the Ford F-150 Lightning will outsell the Tesla Cybertruck.
- 🇺🇸 Despite challenges, Deepwater predicts that Tesla will maintain its position as the top electric car maker in the United States in 2024.
- 📈 The firm anticipates a 25% growth in electric vehicle sales in 2024, down from over 40% in the previous year, with further growth expected in 2025.
Tesla, the pioneering electric vehicle (EV) manufacturer, is at the forefront of innovation in the automotive industry. Deepwater Asset Management, renowned for its accurate tech predictions, offers valuable insights into Tesla’s future strategies, particularly regarding its Robotaxi program in 2024.
The Robotaxi Conundrum
Deepwater suggests a cautious approach for Tesla in unveiling its Robotaxi program. Despite the anticipation surrounding this autonomous vehicle initiative, Deepwater emphasizes the potential adverse impact on Tesla’s existing lower-priced car sales due to the expected high price point of the Robotaxi.
Tech Predictions and Track Record
In its 2024 Tech Predictions, Deepwater builds on its successful 2023 track record, accurately forecasting a decline in global EV sales and the triumph of the Ford F-150 Lightning over Tesla’s Cybertruck. This attests to the firm’s credibility and foresight in the dynamic EV landscape.
Tesla’s Market Dominance Amidst Challenges
Maintaining US EV Market Share
Contrary to expectations of a decline in Tesla’s market share, Deepwater predicts that the company will persist as the top electric car maker in the United States. This projection is grounded in the slowdown of traditional automakers’ investments in EVs, providing Tesla with a strategic advantage.
Electric Vehicle Sector Outlook
While anticipating a 25% growth in EV sales for 2024, Deepwater acknowledges a slowdown from the previous year’s remarkable 40% growth. However, optimism prevails as the firm foresees another surge in 2025, fueled by consumer confidence and the introduction of more affordable electric cars.
Q&A Section
Q1: Why does Deepwater advise Tesla to stay quiet about the Robotaxi program in 2024?
Deepwater believes that unveiling the Robotaxi could negatively impact Tesla’s lower-priced car sales due to the high expected price point of the autonomous vehicle.
Q2: How does Deepwater justify Tesla maintaining its US EV market share in 2024?
Despite Tesla’s current 60% market share, Deepwater predicts its sustained dominance as traditional automakers reduce their investments in electric vehicles.
Q3: What is Deepwater’s outlook for the electric vehicle sector in 2025?
Deepwater anticipates a resurgence in the EV sector in 2025, driven by consumer optimism and the availability of more affordable electric cars.
