Tesla Gets Tagged With Once-Unthinkable Call: Sales Will Fall
- Analyst downgrades stock to the equivalent of a sell from hold
- Sentiment has deteriorated recently on concern about EV demand
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Tesla Inc. is no longer a red-hot growth stock. CEO Elon Musk has said as much.
But even by that new standard — with growth forecasts on Wall Street sinking rapidly — the grim sales prediction from a key Tesla analyst on Wednesday 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.