Tesla News Summary Expecting Megapacks Over Electric Cars

1. Tesla Expands Charging Network Significantly
   Tesla posted 19% year-over-year growth during the fourth quarter of 2024, installing 3,600 new Supercharger stoles.
   In addition, it provided 1.4 terawatt-hours (TWh) of charge, a 24% increase from the previous year, which resulted in 620 million liters of gasoline savings and 1.4 billion kilograms of CO2 emissions reduction.
2. Stifel Raises Tesla Price Target To $492
   Stifel raised the price target on Tesla ($TSLA) to $492 ($411 previously).
   Stifel said Tesla expects to continue strong growth from 2025, with the launch of low-cost models and the development of fully autonomous driving (FSD) technology being key drivers.
3. New Street Research Raises Tesla Stock To ‘Buy’
   New Street Research upgraded Tesla’s investment rating to Buy from Neutral, and set a price target of $460.
   In particular, long-term growth is expected due to the launch of affordable models and the development of autonomous driving technology, and it is expected to achieve a market capitalization of 4.7 trillion dollars (about 6,230 trillion won) by 2030.
4. UK EV Sales 19.6%… Below Legal Target
   Electric vehicles (BEVs) accounted for 19.6% of all new car sales in the UK in 2024, but failed to meet the 22% target set by the government.
5. Tesla Semi Plant Targets Trial Production By End Of 2025
   Tesla is in the process of building a plant that can produce 50,000 semi-trucks per year.
   The plant is aiming for pilot production at the end of 2025.
6. Tesla to rank third in South Korean market in 2024
   Tesla sold 29,750 units in the South Korean market in 2024, ranking third behind BMW (73,754) and Mercedes (66,400).
   In particular, the Tesla Model Y proved popular by topping the single-model sales of imported cars.
7. Tesla Launches Online Parts Sales
   Tesla launched a service to order parts and assemblies directly online through Electronic Parts Catalogue (EPC) to strengthen consumer repair rights.
8. British Dorset to Begin Construction of Tesla’s Megapack Energy Storage
   Britain’s Cubico Sustainable Investments has broken ground in Dorset on a 47.5MW/95MWh battery energy storage facility using Tesla’s Megapacks.
   The facility aims to be operational next year.
9. Tesla Model Y tops UK sales in December
   Tesla Model Y topped all UK car sales in December 2024 with 5,165 units sold, while Model 3 came in second with 3,477.
   In terms of annual sales, the Model Y remained in the top ranks with 32,862 units.
10. Volkswagen Electric Vehicles Available for Tesla Superchargers in 2025
    Volkswagen electric vehicles will be able to use the Tesla Supercharger network from March 2025.
    However, the official adapter will be provided around June.
11. New car loan amount hits record in Q4 2024
    In the fourth quarter of 2024, 18.9% of new car buyers in the U.S. used loans of $1,000 or more per month,
    The average loan amount is $42,113, which is an all-time high.
12. Waymo Announces Latest Safety Report
    In its latest report, Waymo reported 81% reduction in airbag deployment crashes, 78% reduction in injury-inducing crashes, and 62% reduction in police-reported crashes.
    Waymo emphasized that autonomous driving technology is safer than when humans drive, and said it continues to improve road safety in driving areas.