Tesla delivered 384,122 vehicles in the second quarter, a 13.5% decrease from the previous year. Analysts had anticipated higher numbers, expecting around 394,378 deliveries. Concerns have arisen from Musk's political stance impacting brand perception, particularly in Europe and the US, where sales have declined. The stock value has decreased by 25% this year, with significant market fluctuations correlating to Musk's political actions. Despite refreshing its Model Y, production pauses affected demand and sales expectations, raising further questions about Tesla's future growth and performance in the EV market.
Tesla reported a 13.5% decline in second-quarter deliveries, totaling 384,122 vehicles, indicating potential challenges as demand falters. Analysts had expected about 394,378 deliveries.
The company's stock has dropped 25% this year due to brand damage fears linked to CEO Elon Musk's political stance and a maturing vehicle lineup.
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