Korea Investment & Securities released a report on Friday titled “Momentum Persists Despite Headwinds,” forecasting an improvement in Tesla’s performance for the third quarter.
Analyst Lee Ji Soo pointed out that although the expiration of the Inflation Reduction Act (IRA) tax credits on September 30 poses a risk, a rebound in U.S. electric vehicle sales is expected in Q3 due to anticipatory buying, which should strengthen short-term performance.
Lee also highlighted Tesla’s launch of the six-seater Model Y L SUV in China, with nationwide deliveries beginning in late August. Current orders promise delivery by October, indicating potential growth in the Chinese market.
The analyst noted that Tesla’s affordable electric vehicles are gaining traction, and its autonomous driving technology continues to show promise. He emphasized the optimistic outlook, noting that production of affordable electric vehicles began on schedule in June, with mass production scheduled for the latter half of this year.
Lee underscored Tesla’s unique position as the sole company achieving complete vertical integration from manufacturing to platform development while maintaining technological leadership. With the imminent launch of robo-taxis and Full Self-Driving (FSD) version 14, Tesla’s focus on innovation remains strong, sustaining momentum in the autonomous driving sector.