Global Equities Research Expects Demand Recovery for Tesla
<p>According to analysts at Global Equities Research, there will be a demand recovery for <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla (NASDAQ:TSLA)</a> starting in August 2023. The analysts suggest that the recovery in demand is linked to the recent wave of layoffs in the tech industry, as many of the laid-off workers are now finding new employment opportunities in the field of artificial intelligence (AI).</p>
<p>The analysts point out that the majority of tech layoffs are expected to be completed by July. They highlight that during recent hackathons, around 60% of participating hackers had experienced job losses. These individuals are now reinventing themselves in the AI sector and receiving multiple job offers, albeit at slightly lower salary levels (around 5-10% lower) compared to their previous tech positions before the layoffs.</p>
<p>The analysts predict that Tesla's revenue will hit its lowest point in Q2 but expect a slight recovery in Q3, with demand normalizing by Q4. Looking ahead, they foresee Tesla experiencing revenue growth rates of 50% or more in 2024.</p>

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