Analysts have warned Tesla probably can’t mark cars down much further. The company’s next-generation model won’t be ready for production until the second half of next year at the earliest, Chief Executive Officer Elon Musk said. Wall Street expect Tesla to sell 2.2 million vehicles in 2024, roughly 20% more than in 2023.
Tesla Inc warned of weaker sales growth in 2024 as it creates its next-generation vehicle, a low-cost car that’s being made in its Austin factory.
The carmaker didn’t offer a specific, full-year delivery target on Wednesday, which is unusual. It’s long pegged its average annual growth at 50% over multiple years, which it nearly reached in 2023 after spending the year slashing prices across its lineup.
