Tesla's second-quarter performance saw a 14 percent decline in vehicle deliveries compared to the previous year. The company produced 410,244 vehicles, a minor 0.1 percent drop from last year's production. Tesla delivered 384,122 vehicles, falling short of past performance and indicating a steady decline since 2020. Rising competition in the EV market and Musk's controversial political activities have contributed to these challenges. Despite UBS's predictions of a sharper decline, Tesla's results showcased slight resilience, yet the outlook remains grim as sale pressures mount.
Tesla reported a 14 percent drop in second-quarter vehicle deliveries compared to the previous year, with only 384,122 vehicles delivered. This marks a troubling downward trend for the company.
Despite UBS predicting an 18 percent decrease in deliveries year-over-year, Tesla's performance was slightly better than expected, but still indicates a steady decline since last year's first annual sales drop.
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