The low growth was because of production problems and because they maxed out their single factory. Now they have another factory producing and a third under construction.

As to subsidies, governments are pushing ev's harder and harder. The EU has continually-increasing fleet standards that can be met only by adding more ev's, and China has continually increasing ev production standards. Ev sales are going to keep increasing, and Tesla makes the best ev's. Sales, revenues and profits are going to keep going up.

If you look at their letter you can see a comparison between the layouts of their California and Shanghai factories. Massive difference in efficiency. They learned a lot from their initial debacle of Model 3 ramp-up. Cap-ex per unit was announced as being 65% lower in the China factory.

Maybe. My bet is that they have been underinvesting in order to meet financial results, and that that will catch up to them. Looking at other financial statement history, this seems like a safe bet.