The undisputed leader in the Electric Vehicle (EV) industry, Tesla, Inc. (TSLA), is striving toward further technological breakthroughs that could help the company reach its CEO’s aim of cutting production costs in half. In addition to its pioneering gigacasting process, the new development of die-cast nearly all the complex underbody of an EV in one piece could drastically elevate its production process.
In addition to that, more and more automakers are signing up for TSLA’s EV-charging infrastructure, making the company’s superchargers close to being the industry average across the United States.
On the other hand, TSLA could come under regulatory pressures in the near term. Earlier this month, the European Union (EU) kicked off a subsidy investigation on China, under which non-Chinese EV-makers like TSLA could be examined.
Wall Street analysts forecasted the company to miss its third-quarter deliveries due to planned factory shutdowns and weak demand. According to an average of 11 analysts’ estimates compiled by LSEG, TSLA would put out between 439,200 and 455,000 vehicles this quarter, below the overall Wall Street expectation of 458,713.
Against this backdrop, let’s look at the trends of TSLA’s key financial metrics to understand why…
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