Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
Tesla Sales Growth 2024 May Stall Despite Price Cuts, Bernstein Warns
Tesla Inc. is facing a challenging year, with Tesla sales growth in 2024 predicted to stall despite price reductions. Analysts at Bernstein expect the electric vehicle (EV) giant to see a rocky path ahead, and even the anticipated robotaxi launch may not significantly boost growth.
“We think it is unlikely that Tesla will grow units this year, even assuming lower prices and/or very favorable financing,” stated Bernstein analysts in their recent note.
Tesla’s Q3 deliveries totaled 435,059 vehicles, falling short of Wall Street expectations of around 461,000 units. Looking forward to Tesla sales growth in 2024, Bernstein forecasts deliveries to reach approximately 1.8 million vehicles, well below the company’s goal of 2 million. This projection indicates flat growth year-over-year.
Lower-Priced Tesla Model Unlikely to Boost 2024 Sales
Tesla’s plans to introduce a lower-priced vehicle in the first half of 2025 are not expected to significantly drive demand, the analysts noted. Bernstein predicts that any changes to the lineup will be “modest,” and a lower-cost "Model 2" will likely not arrive in substantial volume until after 2026. As a result, Tesla's sales growth in 2024 is expected to remain stagnant.
While attention has shifted toward Tesla’s upcoming robotaxi service, scheduled to be discussed at an Oct. 10 event, Bernstein highlights regulatory concerns. The analysts point out that Tesla lags in securing regulatory approval for robotaxis, which may be difficult to achieve without comprehensive local trials.
Looking ahead, Tesla is expected to face ongoing challenges in 2024, with an aging product lineup and growing competition in the EV market. Bernstein maintains an “underperform” rating on Tesla stock, emphasizing the hurdles the company will need to overcome to achieve meaningful Tesla sales growth in 2024.
