Bloomberg Intelligence BI Weekend: Tesla Deliveries, Luxury Sales
Jan 3, 2025
Sridhar Natarajan, a Bloomberg Senior Finance Reporter, shares intriguing insights about Wall Street's future and banking regulations. The conversation touches on Tesla's recent sales slump and the impact of EV incentives. Experts discuss the luxury market's resilience amid economic shifts, with booming demand for high-end brands like Hermes. Additionally, the dynamics of banking stocks in light of potential deregulation and challenges in the chip industry are explored, offering a comprehensive view of today's financial landscape.
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Tesla Sales Dip and Future Outlook
- Tesla sales dropped for the first time in over a decade, primarily due to increased incentives.
- A new, more affordable vehicle and refreshed Model Y are expected in 2025, potentially boosting sales.
Affordable Tesla Price Point
- The new "affordable" Tesla is projected to be under $30,000, including a $7,500 federal tax credit.
- Even without the credit, it will still be among the cheapest EVs, with further price cuts possible.
EV Market Growth and Outlook
- The shift to EVs faced a speed bump in 2024, with single-digit growth expected in 2025, driven by incentives.
- Long-term EV sales are expected to recover after 2025 as battery costs decrease and more affordable models emerge.