Analysts Warn That Tesla's Next Growth Phase, Boosted By Model 2, Is Years Away

Tesla's $25,000 car is a '2027 story,' Evercore claims. This means that Tesla won't see major growth until then.

The Tesla Model Y may be the best-selling car-shaped vehicle in the world right now, but the brand itself is not in the clear. Buyers are thirsty for reasonably priced EVs. Elon Musk has confirmed that the brand plans on meeting that demand with a $25,000 EV, a car that some on social media are calling the Model 2. However, an analysis from the investment banking firm Evercore, asserts that the brand likely won’t be able to deliver the car in substantial volume until at least 2027.

He’s been skeptical of Tesla’s stock ability to grow since at least 2020. Tesla’s stock has increased 310% since then. But McNally’s analysis isn’t unprecedented. Earlier this week Wells Fargo downgraded the brand, exclaiming that it was a “growth company with no growth,” claiming its price cuts aren’t having the same effectiveness as they once. Prices are falling faster than the company’s sales rate is increasing.

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