Tesla’s EV Deliveries Are Seen Falling as Demand Erodes Sharply

Wall Street is reining in expectations for Tesla Inc. deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced US federal incentives for electric vehicles.

Analysts at Oppenheimer on Friday cut their estimates for handovers this year and next, citing weak data out of China and Europe. With expectations for 1.63 million deliveries in 2025, the securities firm is projecting what would be the second straight annual decline. That’s below the 1.7 million average of analyst estimates compiled by Bloomberg.