More analysts are turning on Tesla
After incorporating President Donald Trump’s Tesla purchase into their estimates, Wall Street analysts are... still cutting their forecasts for how many cars the electric vehicle maker will deliver in 2025. Tesla’s terrible ride this year has been on full display this week, as the tide of negative assessments from high-profile analysts keeps rolling in.
Monday: UBS lowers full-year delivery guidance to 1.7 million units, representing a 5% drop compared with 2024.
Tuesday: Even noted Tesla bull Dan Ives at Wedbush had some uncharacteristically pointed words for Elon Musk, who he said needs to “step up.” He noted, “There has been little to no sign of Musk at any Tesla factory or manufacturing facility the last two months.”
Wednesday: Evercore ISI cut full-year delivery estimates to 1.75 million from 1.88 million.
For those keeping track, Tesla will have to deliver more than last year’s 1.79 million vehicles in order to fulfill its promised “return to growth” in 2025.
