Why Tesla's Rapid Growth Could Accelerate in Q3

With the third quarter more than half over, Tesla (NASDAQ: TSLA) investors have more visibility into how the electric car maker's deliveries might be faring. Unfortunately, any forecast at this time should still bake in plenty of conservatism. Uncertainty remains particularly elevated in China, where Tesla's highest-output factory is located.

Earlier this year, operational restrictions ordered by the government as part of Shanghai's efforts to curb the spread of COVID-19 were the main detractor from production rates for Tesla. Now power shortage challenges amid a heat wave are threatening manufacturers' operations and potentially disrupting the company's supply chain. 

But despite the continued uncertainty Tesla is facing, investors can still do their best to estimate a ballpark range of where deliveries could come in for the quarter. More importantly, a close look at Tesla's business still paints a rosy picture for the company's growth outlook in Q3 and beyond despite current challenges.

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Source Fool.com