Tesla will struggle this year, may be forced to cut prices again, analyst says
"Our perspective is that upcoming numbers won't be great," Toni Sacconaghi told CNBC.
He said Tesla will ultimately fall short on deliveries or be forced to slash the price of its cars to spur demand. Tesla will likely face challenging business conditions this year given the EV maker hasn't lined up any new models — and that could force the firm to slash"Our perspective is that upcoming numbers won't be great. I think there's limited chance that Tesla will eclipse consensus expectations in terms of deliveries this quarter.
"That's the challenge over the next four to six quarters before we have some new, lower-priced models. That's our concern, that Tesla will ultimately fall short on deliveries at some point over the next four to six quarters, or that we're going to see continued price cuts to be able to drive that growth," Sacconaghi said.
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