Tesla Really Needs Musk’s Robotaxis to Live Up to the Hype
Electric vehicle deliveries have been essentially flat since early 2023, and that's not likely to change anytime soon.
Look away.
Photographer: Apu Gomes/Getty Images North AmericaGuys, you were so close. If it wasn’t for that last little bounce of Wall Street optimism on the last day of September, Tesla Inc.’s latest sales figure would have beaten estimates — just.
The more pertinent bit of that chart is actually the yawning gap on the left, tracing the steady drop in expectations for Tesla’s core business. For all the talk this past week of Tesla’s sales in China maybe pushing the quarter’s total to 470,000 — reflected in that uptick in the consensus forecast — the obvious rejoinder is: Who cares? Even if Tesla had reported that number, which would also have been way below what was expected earlier this year, take a look at the chart below and ask yourself if it would have changed the fundamental picture here.