Tesla Woes Improving
The EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.

Tesla Founder and CEO Elon Musk
Wikipedia
Tesla’s pause to expansion plans in the second quarter may bring down earnings, but the automaker’s factory troubles in China, Texas and Berlin appear to be improving.
Now the EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.
"Despite all the drama and the ups and downs with Mr. Musk, it's worth sticking with it," George Gianarikas, analyst at Canaccord Genuity, said in an interview with CNBC last week. The analyst called Tesla "Apple on steroids" because of the automaker's lead in the electric vehicle race.
Tesla is expected to show a rise in quarterly revenue with its reporting on July 20, according to Reuters. Analysts expect the automaker to report revenue of $17.09 billion for the quarter, a 43% increase from $11.96 billion in 2021.
In June, Musk noted the newly opened auto plants in Berlin and Austin were losing billions of dollars as they ramped up production. But as production picks up, and the automaker's China plant expands, Tesla could post increased revenue in the second half of the year.
The company reported in early July that its global deliveries fell 18% to 254,695 in the second quarter after two years of gains. But the automaker compared that downturn with the first quarter, not to the quarter a year-earlier. In a year-on-year comparison, Tesla's sales rose 27%.
Tesla called June 2022 “the highest vehicle production month in Tesla history” in a press release, indicating China was back online and production had increased in Texas and Berlin.
Tesla said in the press release that June 2022 "was the highest vehicle production month in Tesla's history" — an indication that China was fully back online, and Texas and Berlin were seeing higher volume production.
Still, investors and financial analysts would like to know where the company stands on a few key issues:
AI. Tesla Director of Artificial Intelligence (AI), Andrej Karpathy, has announced plans to leave the company. The company is counting on AI capabilities to make its vehicles fully autonomous.
Layoffs. Tesla has laid off hundreds of workers after CEO Elon Musk warned of an economic downturn in June. The company also has permanently closed its San Mateo, Calif., office and laid off its 229 workers.
Lawsuit. Workers have filed a lawsuit over layoffs at the company's Nevada battery factory.
Battery Factry. Panasonic, a partner with Tesla in the Giga Nevada battery plant, has announced it will build a battery factory in Kansas to meet growing battery demand.
Products: Investors seek product updates, on the Cybertruck, which is expected sometime next year, the company’s new humanoid robot, Optimus, and dedicated autonomous taxis without driver controls.
Originally posted on Auto Dealer Today
More Showroom

California Sees Quarterly Gains
California’s new-vehicle market saw a boost in hybrids in the third quarter and its first overall quarterly market gain of the year.
Read More →
New-Vehicle Prices Stay Put
Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.
Read More →
EV Buyer Consideration Shifts
What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'
Read More →
Year-to-Date Auto Sales Holding Their Own
A forecast through August shows that automakers have shifted strategies to keep deliveries and revenues up despite tariffs and other economic challenges.
Read More →
Slow to Robo
Ten years of polling consumers shows autonomous vehicles’ profiles have risen considerably, but even more people now want at least some level of control if they go that route.
Read More →
Dealers a Little Down
A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
Read More →
European EV Sales Skyrocket
The EV market on the continent held strong in July with almost 25% of new-car sales being fully electric units, a stark contrast to the U.S., where EV sales declined about 42%.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →