Tesla Could Be Staring Down a Year of ‘Growing Pains,’ Analyst Cautions
By Emily Bary Wells Fargo automotive analyst says Tesla ‘screens the most at risk’ this earnings season, and he sees various challenges for the year ahead Tesla Inc. is about to offer investors some hints of what’s to come, and one analyst thinks Wall Street should brace for “growing pains.” Wells Fargo analyst Colin Langan expects about 13% growth in Tesla (TSLA) deliveries next year, below the company’s 50% long-term target. The year already hasn’t gotten off to a great start for the electric-vehicle company, which has cut prices in China and paused production in Germany. “There are also macroeconomic headwinds around elevated interest rates& flattening EV adoption,” Langan wrote in a Tuesday note to clients. “Additionally, there are signs of moderating growth in all three key regions.” Tesla is expected to share more about the landscape, and its outlook for the year, when it reports earnings next Wednesday afternoon. […]
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