U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Trump to Ease U.S. Fuel-Economy Standards 
Trump, Xi Focus on Trade and AI at White House Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom 
Add as a preferred source on Google
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.
