Tesla sold 384,112 cars in the second quarter, cut by nearly 60,000 cars or 13.5% of total sales a year ago. This marks the largest decline in sales in the year in Tesla’s history, although it has increased by 14.1% of the total number of the first quarter.
Industry registration data indicate that both US and European sales have fallen sharply, despite the overall increase in sales of electric vehicles (EV) in both markets. Tesla also faces increased competition, not only from hereditary western carmakers, but also by Chinese manufacturers. This competition has significantly affected Tesla’s sales in China, the largest market for both EV both for car sales and Tesla’s second largest market.
Tesla is ready to lose the title as the world’s largest manufacturer of EV, based on annual sales of Chinese carmaker BYD, although BYD does not sell cars on the US market. The BYD announced that it had sold one million EV in the first half of this year, exceeding a total of about 721,000 units of Tesla.
Analysts say that while Tesla recently gave its popular model Y Update, it lacks a more acceptable product offer – which has created the opportunity for rivals like BYD, especially in China. BYD also sold more complete electric cars in Europe than Tesla for the first time in April.
There are also suggestions that high -profile political activity in the United States by CEO Elon Musk retained Tesla’s potential buyers.
“Tesla sales reduced by 13.5% in Q2” was originally created and published by Just autobrand owned by Globaldata.
The information on this site is included in goodwill only for general informative purposes. It is not intended to make advice you need to rely on, and we do not give any representation, guarantee or guarantee, whether express or implied for its accuracy or completeness. You must get a professional or specialized advice before downloading or refraining from any action based on the content of our site.
Source link
