Tesla's Q2 earnings report indicated struggles with core auto sales, warning of possible rough quarters. Vehicle deliveries fell by 14%, with significant drops in EU sales. While production of Model 3/Y increased slightly, the lack of new model direction raises concerns. Tesla has retreated from providing guidance on vehicle sales, highlighting issues such as tariffs and supply chain concerns. The report underscores the uncertainty of global trade impacts on demand and cost structures in both automotive and energy sectors.
We probably could have a few rough quarters. I'm not saying we will, but we could - you know, Q4, Q1, maybe Q2, but once you get to autonomy at scale in the second half of next year, certainly by the end of next year, I think I'd be surprised if Tesla's economics are not very compelling.
Q2 numbers were a bit of a wreck but this had been well discounted already because we have seen the decline in deliveries ahead of the results. Earlier this month Tesla reported a 14% decline in vehicle deliveries for the second quarter.
Tesla is basically giving up on guidance for vehicle sales and lost confidence in returning to growth... it also flagged tariff and supply chain issues affecting deliveries in the second half.
It is difficult to measure the impacts of shifting global trade and fiscal policies on the automotive and energy supply chains, our cost structure and demand for durable goods and related services.
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