Tesla's global Q2 deliveries are down 4.8% year-over-year, but remain 14% higher than Q1. Sales in China, a key market, saw a steeper decline of 24.2% in June compared to last year. Analysts are split on Tesla's outlook, with some positive and others worried about softening demand. Tesla's global second-quarter sales are down, marking the second consecutive quarter that the American EV maker has reported a decline in deliveries. With 443,956 EVs delivered, sales dropped by 4.
The outlook on Tesla's sales performance is somewhat mixed, with some calling the Q2 results a win for the company. In contrast, others fear the automaker's aging model range and sizeable incentives push just isn't enough in a time of softening EV demand. On the one hand, the drop in sales is smaller than what was expected, with Reuters reporting that the softened blow led to share prices increasing by 10 percent — the highest they've been in the last six months.
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