Tesla gets tagged with once-unthinkable analyst prediction: Sales will fall - Autoblog
Tesla gets tagged with once-unthinkable analyst prediction: Sales will fall - Autoblog
Tesla Inc. is no longer a red-hot growth stock. CEO Elon Musk has said as much. But even by that new standard, the grim sales prediction from a key Tesla analyst is still shocking.
But even by that new standard — with growth forecasts on Wall Street sinking rapidly — the grim sales prediction from a key Tesla analyst last week was still shocking. There’ll be zero growth in sales volumes for the electric-vehicle maker this year, Wells Fargo’s Colin Langan said. And in 2025, it’ll be worse yet: Volumes will drop.
Tesla vehicles have slowed down growth, to the point that analysts are thinking that volumes will drop by 2025.
As such: Tesla is no longer a "growth" company, or so goes this new narrative. It seems a bit premature to start claiming this, but on the other hand... the 2nd derivative trend is clear today. So its not out of the question to start making these kinds of predictions.
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I'm looking to buy a new car and I'm not looking at Teslas at all. They have weird design; no dashboard cluster, no buttons, there's a camera recording you, ... Also no android auto Also their resale value has been dropping like crazy because they're basically cheap body shells with used up expensive-to-replace battery packs.