Tesla, Inc.

Tesla’s growth is increasingly unpredictable. Recent results show year-over-year revenue declines and analysts project lower deliveries through 2025. Revenue depends heavily on one-time factors like government rebates, which have helped or hurt demand.

Key product initiatives (affordable models, full robotaxi autonomy) have been delayed or remain unproven. Cash flows come from car sales, but they fluctuate with market cycles and incentives. This lack of steady recurring revenue and volatile demand patterns give Tesla very low predictability in our view.