The result of Tesla's interim report is no surprise, says Frida Bratt. A turbulent time marked by losses has lowered the market's expectations.
I think many feared that it would be worse than it actually was, she says about the quarterly report.
Better than expected - in some areas
Frida Bratt points out that there are some bright spots in the report. Although Tesla has had to lower the price of several car models, the margins have been raised and profitability has increased since the first quarter of the year.
They have, in some way, managed to get the price down per produced unit, says Frida Bratt.
Tesla has highlighted an updated, cheaper electric car model as a salvation for the company. The interim report gives the market answers to some questions, according to Frida Bratt. The report shows that Tesla has started initial production of the model in June - and production is expected to get underway in earnest in the second half of 2025.
It was probably a message that the market wanted, and which has been postponed several times, she says.
Hopes for further messages
Now many are hoping for more concrete messages during the subsequent press conference, not least more details about Tesla's planned self-driving robot taxi, believes Frida Bratt. That kind of information can be important for how the stock can come to be valued.
It is important to get Tesla "back on track" in the eyes of investors, says Frida Bratt.
