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Tesla faces grim zero growth forecast, sales decline by 2025

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Tesla’s sharp 32% decline has erased over US$245 billion from its market value and knocked it out of the S&P 500’s top 10 companies. (Reuters pic)

NEW YORK: Tesla Inc is no longer a red-hot growth stock. CEO Elon Musk has said as much.

But even by that new standard — with growth forecasts on Wall Street sinking rapidly — the grim sales prediction from a key Tesla analyst on Wednesday was still shocking. There’ll be zero growth in sales volumes for the electric-vehicle maker this year, Wells Fargo’s Colin Langan said. And in 2025, it’ll be worse yet: volumes will drop.