July 19 Reuters Tesla Inc39;s secondquarter results on Wednesday are expected to show the strains of China39;s COVID19 lockdown and protracted startups of new factories. Investors want to know if the end of the year will be much better.

Tesla has started layoffs, following through on a plan by Chief Executive Elon Musk, who said he had a super bad feeling about the economy in June. He also has said Tesla39;s new factories in Austin, Texas, and Berlin are gigantic money furnaces which are losing billions of dollars.

Add to that concerns about growing competition from electric vehicle makers and COVID19 in Shanghai, home of Tesla39;s China factory and its suppliers.

The expectations are very low for the quarter. The key to this is what they39;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.

Analysts expect the electric vehicle market leader to report secondquarter revenue of 17.23 billion, an 8 decline from a record high achieved the previous quarter. Analysts also expect an adjusted profit of 1.86 per share, a 42 slump from a year ago, according to Refinitiv data.

Musk in April said Tesla could raise deliveries 60 this year, which would translate into nearly 1.5 million vehicles, although Wedbush analyst Daniel Ives said many analysts expect closer to 1.4 million deliveries and will want to hear whether Musk is still bullish about demand amid recession fears….