Tesla Stock Surge Runs Up Against a Potential Annual Sales Drop
Published On Dec 31, 2024, 8:23 AM
Tesla Inc. is facing potential challenges with a predicted annual sales drop for the first time in a decade. Analysts estimate that although Tesla could deliver around 510,400 vehicles in the fourth quarter, it will need to sell more to meet its growth forecast for 2024. The company's stock has surged due to political developments linked to Donald Trump's expected return to the White House, but the outlook for Tesla's sales remains uncertain, especially with easing regulations and potential elimination of electric vehicle subsidies. Despite Elon Musk's optimism for significant growth in 2025 backed by new models, analysts express caution due to emerging competition and market conditions. A slowdown in the overall electric vehicle market adds further complexity to Tesla's growth prospects.
Stock Forecasts
TSLA
Negative
Given the reported sales forecast challenges and a potential decline in annual growth due to ongoing market headwinds, Tesla's stock may face pressure in the near term despite recent gains.
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