Part 2/11:
For the longest time, Tesla's automotive business has been viewed as the cornerstone of its enterprise. Analysts concentrated on the growth trajectory of electric vehicles, primarily overlooking broader avenues for expansion. The unforeseen impacts of the COVID-19 pandemic caused a shift in Tesla's automotive strategy, leading to delays in scaling production and altering plans for new factories. As these projections unfolded, investor confidence around the automotive side of Tesla's business began to stabilize, even if the optimistic expectations faced adjustment.