Tesla unlikely to grow sales, Robotaxi success faces rocky road; Bernstein says
) is unlikely to grow annual sales this year even with price cuts, Bernstein says, warning of a rocky road ahead for the EV maker that is unlikely to be rescued by the launch of robotaxis.
Tesla reported Wednesday, Q3 deliveries of 435,059 that fell short of Wall Street estimates of about 461,000. Hopes that a new lower-priced Tesla vehicles, which the company said would start production in H1 2025, aren't likely to move the needle on demand, the analysts forecast. The tweaks are likely to be"modest," while a lower cost Model 2 arriving in volume before 2026 is unlikely.
"Tesla is behind in gaining regulatory approval for robotaxis...and it may be difficult to overcome without local, ongoing trials," it added, just days ahead of the Tesla's robotaxi event slated for Oct. 10.
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