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Tesla Publishes Downbeat Wall Street Estimates For Vehicle Sales
Tesla has compiled vehicle delivery forecasts from a broad group of Wall Street firms, including Daiwa, DB, Wedbush, Canaccord, Baird, Wolfe, Exane, GS, RBC, Evercore ISI, Barclays, Wells Fargo, Morgan Stanley, UBS, Jefferies, Needham, HSBC, Cantor Fitzgerald, and William Blair. The overall sell-side analyst consensus implies Q4 deliveries of roughly 422,850 vehicles, representing a 15% year-over-year decline and a 10% drop from the Bloomberg-compiled average of 445,061 vehicles.
Source: Bloomberg
The company is on track for a second consecutive annual decline in deliveries, with analysts expecting 1.6 million vehicles in 2025, down more than 8% from last year.
This follows a slow start to the year, driven by factory retooling for the redesigned Model Y, elevated interest rates, dismal demand for EVs, and the end of federal tax credits, as well as manufactured reputational damage from the Democratic Party's propaganda apparatus....
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