Tesla Faces Headwinds Despite Record Sales

24 days ago

Garrett Nelson (CFRA)

"Tesla down 5.1%. Interestingly enough, shares were up as much as 2.5% earlier in the session, then turned lower. The company did report a surprise record quarter of vehicle sales. This as U.S. consumers accelerated EV purchases before those federal tax credits expired. Still though, analysts are concerned about what things look like moving forward. Garrett Nelson over at CFRA said, "Looking forward, we still think there are major questions regarding the earnings impact of legislative changes on the tradable emissions credit market and EV demand in an unsubsidized U.S. market.""

Tesla's stock experienced a decline of over 5% despite posting record quarterly vehicle sales. Analysts, including those from CFRA, have raised concerns about the future impact of legislative changes on emissions credits and EV demand without federal support, signaling potential risks ahead.

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