Hyperdrive
Tesla Has Wall Street Worried About How Many Cars It Just Sold
- Many analysts cut their estimates as quarter came to a close
- Several are bracing for a first sales decline in four years
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Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales.
Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a close. Some on Wall Street are even braced for Tesla’s first sales decline since the early days of the pandemic.