In the second quarter, Tesla reported global deliveries of 384,122 vehicles, exhibiting a 13% decline from the previous year. This follows a similar slump in Q1, marking the automaker’s worst quarter in over two years. The decline has been attributed to several challenges including competition, an aging vehicle lineup, and controversies surrounding CEO Elon Musk. Tesla's overall sales in 2024 have flatlined for the first time in a decade, raising concerns about the effectiveness of newer models, such as the facelifted Model Y, in reversing this trend.
Tesla delivered 384,122 vehicles globally in Q2, marking a 13% drop year-over-year, with a notable decline in sales continuing from Q1.
Despite its vision as an AI and robotics company, Tesla primarily generates profit from vehicle sales, which have recently declined significantly.
Tesla's sales flatlined for the first time in over a decade in 2024, with a total of 1.79 million vehicles sold, slightly below 2023's 1.81 million.
The effectiveness of Tesla's facelifted Model Y in reversing the dropping sales trend is uncertain amidst challenges including competition and CEO Elon Musk's politics.
Collection
[
|
...
]