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Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
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.
