[Updated] The US State Department Is Reportedly Looking To Buy $400 Million Worth Of “Armored” Electric Vehicles From Tesla
At a time when analysts and investors alike are questioning Elon Musk's political role for contributing towards Tesla's
slowing sales momentum, particularly in the EU, with Oppenheimer going so far as to
opine that Musk's "public life risks alienating consumers and employees as the Trump administration tests the limits of its power," Tesla might yet emerge from this maelstrom relatively unscathed, at least as far as its top-line metric is concerned.
To wit, Ryan Grim's
Drop Site has identified a huge windfall for Tesla contained within the US State Department's
procurement forecast for 2025.
Specifically, as is evident from the above snippet (we've boxed the pertinent line item with a red outline), the State Department is planning to acquire "Armored Tesla" worth around $400 million.
We presume that the word "armored" is a nod to the Cybertruck, which is famous for its steel unibody frame. Or, maybe Tesla is planning to produce a whole new dedicated armored vehicle for the US government.
The State Department's procurement list also includes armored BMW X5/X7, an unnamed armored sedan, and an unnamed armored EV.
The procurement award, however, is by no means certain at this point, as noted by Drop Site:
Meanwhile, as mentioned above, Tesla's sales in the EU plunged
47.7 percent year-over-year in January 2025, materializing at just 5,517 units against a sales figure of 10,556 units that Tesla recorded in January 2024. In the US, Tesla's sales momentum continues to be hampered by the pull-forward of demand in Q4'24, presumably due to the possible removal of the EV tax credit in 2025, and the upcoming launch of Model Y Juniper.
Moving away from Tesla's core auto business, Needham analysts now believe that Tesla is operating from a "
trailing position" in the autonomous ridesharing and robotics spheres, meriting a 'Neutral' stock rating on the back of the view that the EV giant's longer dated growth levers, particularly in relation to the FSD, robotaxis, and the Optimus humanoid robot, are "more priced in than not."
Source:
https://wccftech.com/the-us-state-d...million-worth-of-armored-vehicles-from-tesla/