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Tesla Sales Outlook Worsens With Two Analysts Seeing 2024 Drop
- ‘Growth is slowing, and there’s no quick fix,’ Piper says
- Jefferies sees robotaxi helping sentiment, but has doubts
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Tesla Inc. has spooked Wall Street to where two analysts are now predicting sales will decline this year.
Alexander Potter of Piper Sandler expects deliveries will slip 0.5% to just shy of 1.8 million vehicles, while Philippe Houchois of Jefferies foresees a roughly 3% drop to 1.77 million. Both analysts cut their price targets, with Potter lowering his to $205 and Houchois reducing his to $165.