Part 3/8:
While there are positive aspects to discuss, a grim set of expectations looms over Tesla’s earnings. The company had to deal with ramping up production for the new Model Y while simultaneously facing numerous operational challenges across multiple factories. Margin projections have been softened, and there are nagging doubts regarding brand perception, largely attributed to Musk’s polarizing public persona.
Omar noted that sales for the Cybertruck and Model S/X have not met expectations, pushing focus toward the optimistic deployment of Tesla’s MegaPacks, which actually showed notable growth—up 150% year-over-year. However, the overall sentiment remains that earnings will likely disappoint.