TSLA - Tesla Stock To Rally 33%? Analyst Expects EV Giant's Growth To Reaccelerate In 2024 Thanks To This 'Significant Competitive Advantage' | Benzinga
Tesla, Inc. (NASDAQ:TSLA) shares have been languishing since the company released its third-quarter earnings report in mid-October. The stock did not budge despite the electric vehicle maker reporting above-consensus deliveries report last week. Still, an analyst on Friday doubled down on his bullish stance on the Elon Musk-led company.
Reacceleration In The Cards: Tesla’s sales, margins and earnings per share will likely reaccelerate in 2024, said Argus analyst Bill Selesky. In 2024, the factors that drove demand lower, namely a sluggish EV market, rising interest rates, elevated inflation and supply-chain disruptions, will turn positive, the analyst said.
He expects interest rates to trend lower, inflation to decelerate and supply chains to improve.
Tesla’s USP: Tesla’s growing dependence on artificial intelligence ...