this post was submitted on 19 Mar 2024
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Tesla gets tagged with once-unthinkable analyst prediction: Sales will fall - Autoblog (www.autoblog.com)
submitted 7 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 5 points 7 months ago

The stock of one of the smallest car companies might fall below the stock values of companies with far higher sales and better build qualities? Especially after the CEO has alienated demographics likely to buy electric cars with his obsession with turning a social media site into a nazi bar? And the poor build quality that makes boeing look professional?

This is unthinkable? To who?

[–] [email protected] 5 points 7 months ago

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.

[–] [email protected] 3 points 7 months ago

Since idiots value Tesla as a tech company stock, not growing/expanding/bringing the new thing is going to be murder on their stock price.

[–] [email protected] 3 points 7 months ago

"unthinkable"... really?