Tesla Stock: Analyst Predicts Bottom and Future Growth

Bottoming Out and Revised Expectations

• 💡 The core thesis is that Tesla's stock is nearing a bottom, with a rebound expected after this period.
• 🎯 Analyst Jed Dorsheimer acknowledges that delivery numbers are being revised downwards, a necessary step for momentum stocks to find their base.
• 📉 The focus is on bringing street expectations lower on the auto side of the business to achieve this bottom.

Ride-Sharing and Tax Credits

• 🚀 Hopes are pinned on ride-sharing services gaining traction later in the year.
• ⚠️ The $7,500 tax credit is seen as a significant risk that has now been largely absorbed by the market and is off the table.
• 📈 While some view Elon Musk's stance negatively for ride-hailing, the analyst believes it will ultimately be a positive catalyst.

Demand and Brand Impact

• 📉 Demand for autos in Europe has sharply declined, indicating a broader trend of falling auto demand.
• 📊 Tesla's numbers for 2025 and 2026 have been cut by 12%, with no growth expected in 2025, and consensus numbers are anticipated to follow suit.
• ⚠️ There is a real brand impact occurring, contributing to the downward revisions.

Investment Outlook

• ❓ Despite downward revisions, the rating remains 'Outperform' due to a longer-term outlook.
• ✅ The call is that Tesla will hit a bottom, establish a base, and subsequently experience growth.