Elon Musk’s Tesla posted its second consecutive decline in vehicle deliveries in the April to June period as the EV group deals with slowing demand and stiff competition from China.
The company delivered 443,956 vehicles globally in the three months to June — down 4.7 per cent from a year earlier but above Wall Street expectations.
The deliveries were higher than those of China’s BYD, which earlier reported that second-quarter deliveries totalled 426,000 — a 21 per cent rise from the previous year. Investor focus has been on whether BYD can overtake Tesla by sales once again, as it did in the last quarter of 2023.
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