Tesla, the electric vehicle (EV) pioneer, is set to release its Q2 deliveries and earnings report on July 17th. The report comes at a crucial time for the company, which has been facing intense competition in the EV market and regulatory hurdles in its quest to commercialize autonomous driving technology. As investors await the report, they are keenly watching for signs of growth, profitability, and progress towards Tesla's ambitious goals.

Analysts expect Tesla to deliver around 448,000 EVs in Q2, a 16% increase from the previous quarter. This growth is attributed to the company's expanding presence in China, where it has become the second-largest EV manufacturer. Despite challenges from local players like BYD, Li Auto, and XPeng, Tesla remains a dominant force in the market.

Tesla's transition to autonomous driving technology, dubbed "robotaxi," is a key aspect of its growth strategy. Cathie Wood, a prominent investor and CEO of ARK Innovation ETF, believes that robotaxi will drive Tesla's revenue and earnings growth in the long term. Wood expects Tesla's stock to reach $2,600 per share by 2029, a significant increase from its current price.

However, Tesla's journey to commercialize autonomous driving technology faces regulatory hurdles and technical challenges. The company has been testing its Full Self-Driving (FSD) technology in China, and recent reports suggest that it has received approval to test FSD in the country.

In addition to EVs and autonomous driving technology, Tesla's energy division, Tesla Energy, offers significant growth potential. The division provides solar panels, inverters, powerwalls, and large-scale energy storage systems, and has seen significant growth in recent quarters.

Investors are cautious about Tesla's ability to achieve its ambitious goals, given the intense competition and regulatory challenges in the EV and autonomous driving markets. However, the company's dominant position in the EV market, its expanding presence in China, and its innovative approach to autonomous driving technology make it an attractive investment opportunity.

As the Q2 deliveries and earnings report approaches, investors will be watching closely for signs of growth, profitability, and progress towards Tesla's long-term goals. With a potential upside of over 10x by 2029, Tesla's stock remains an attractive investment opportunity for those willing to take a long-term view.