Tesla Warns That 2024 Sales Growth Could Be Impacted, as Company Gets Off to a Rocky First-Quarter Start

Published on January 25, 2024

Electric vehicle (EV) maker Tesla cautioned that its sales growth on electric vehicles could be impacted until cheaper vehicle options are made available by the company. In recent years, the company experienced notable growth as it expanded production and deliveries of its Model Y and Model 3  vehicles. But despite an increase in overall revenue, the company failed to achieve forecasted estimates from analysts in the fourth quarter, causing shares to fall. “Our company is currently between two major growth waves,” said Tesla, but according to CEO Elon Musk the situation is hard to predict. “We don’t have a crystal ball so it’s difficult to predict with precision. If interest rates come down quickly, margins will be good and if they don’t, they won’t be that good,” he said during a call with investors and analysts....

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