Tesla shares plummet as Wall Street rethinks sales projections
Briefly

Tesla Inc. is facing its most significant stock drop since 2020, with shares plummeting up to 14% following analyst downgrades on vehicle delivery projections. UBS's Joseph Spak cut Q1 delivery estimates by 16%, forecasting lower sales for 2025. Analysts generally expect a 10% increase in sales, but Tesla executives remain optimistic for growth. Issues like muted orders for the Model Y and Elon Musk's controversial remarks are further exacerbating struggles, particularly in major markets like Germany and China, where vehicle registrations have significantly declined.
Tesla's stock is experiencing its largest decline since 2020 as analysts cut estimates for vehicle deliveries, indicating concerns over its future growth potential.
UBS's Joseph Spak downgraded Tesla's Q1 delivery estimates by 16%, projecting a continued downward trend in sales, contradicting company executives' growth predictions.
The Model Y refresh is expected to aid sales, but current order levels are described as muted, reflecting waning demand in crucial markets.
Elon Musk's public commentary has negatively impacted Tesla's market standing, especially in Germany, where vehicle registrations have dropped significantly.
Read at www.mercurynews.com
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