Tesla: 2024 Is Not A BEV Year (Rating Downgrade)


  • Tesla’s aggregate deliveries forecast for 2024 and 2025 lowered due to declining sales in the US, China, and Europe, leading to a SELL rating.
  • BEV sales in the US are falling due to tax credit changes and declining used Tesla prices.
  • PHEV sales are rising faster than BEV sales in China, impacting Tesla’s market share and financial results.

Electric Car Charging


Investment thesis

We have covered the stock before and in this report, we present a detailed analysis of the electric vehicle market situation in three key markets for Tesla (NASDAQ:TSLA): the United States, China, and Europe.

  • In the

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