Tesla's projected earnings per share (EPS) for 2025 is forecasted at $2.75, a 67% decrease from the $8.45 estimate two years ago, and down nearly 16% year-to-date. Wells Fargo has issued a negative outlook on Tesla stock, predicting a 45% downside risk despite a 40% decline in the stock price since the beginning of the year. Analysts are projecting that Tesla will deliver approximately 269,000 vehicles in the first quarter of 2025, marking a 30% year-over-year decrease, while the consensus estimate remains at 411,000 deliveries. This follows a significant drop in the stock price, which has fallen 50% since December 2024. Wells Fargo has also reduced its price target for Tesla shares to $130, citing weak delivery numbers and increased competition in the electric vehicle market. The company's current valuation stands at 110 times its EBIT, which some analysts describe as a bargain basement price. However, concerns persist regarding Tesla's delivery forecasts, with predictions indicating the lowest delivery levels since the first quarter of 2021.