To The Moon

$Tesla Motors(TSLA)$ recently reported its Q2 2024 deliveries, and the news was mixed. While they beat Wall Street estimates, the overall numbers paint a concerning picture. Let's break it down.

• Deliveries: 443,956, down 4.8% year-over-year

• Production: 410,831

• Analyst Estimates: 439,000 deliveries

Tesla did manage to surpass analyst expectations, but this doesn't erase the fact that deliveries are down compared to last year. This is the second consecutive quarter of decline, following an 8.5% drop in Q1.

Several factors are contributing to Tesla's slowdown.

Tesla's stock price reflects the investor unease. It's down 16% year-to-date despite a recent rally. Analysts like Colin Langan from Wells Fargo are predicting declining delivery growth and falling margins due to potential price cuts. This has led to some analysts recommending selling the stock.

There are still some positive signs. Tesla is offering incentives like zero-interest loans in China to boost sales. Institutions like Cathie Wood's ARK Invest continue to buy the stock, showing some long-term confidence. And the upcoming marketing event for their robotaxi design could generate renewed excitement.

TSLA Monthly Chart

This is a difficult question. Tesla is a company built on innovation and disruption, but they're facing significant challenges. For me, it's a wait-and-see approach. If Elon Musk can address the production issues, refresh the product line, and mitigate any brand damage, Tesla could bounce back. However, if the current trends continue, the outlook might be less optimistic. For now, I will just hold on to my current shares.

Tesla's success is a testament to human progress, but even pioneers face roadblocks. The coming months will be crucial in determining if Tesla can navigate these challenges and get back on track.

Disclaimer: This is just my analysis of Tesla, and you should always do your own research before making any investment decisions.