Tesla's second-quarter results on Wednesday are expected to show the strains of China's COVID-19 lockdown and protracted startups of new factories. Investors want to know if the end of the year will be much better.
"The expectations are very low for the quarter. The key to this is what they're going to say going forward because expectations for the second half of this year are very strong for this company," Curzio Research CEO Frank Curzio said. Tesla delivered 564,743 vehicles in the first half. It delivered 17.9 per cent fewer EVs in the second quarter from the previous quarter as China's COVID 19-related shutdown hit its factory and supply chain.
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