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Tesla’s deliveries fell for a second straight quarter as the electric vehicle maker contends with slumping demand in Europe and rising competition from western and Chinese rivals.
The company, led by Elon Musk, delivered 384,122 vehicles in the three months to the end of June, below the 389,000 forecast by analysts and down 13 per cent from 443,956 in the same period last year.
The second-quarter figure was a slight improvement from the first three months of the year when it delivered 336,681 cars — its worst quarter since 2022.
As well as new models from China’s BYD and European rivals Renault and Stellantis, Tesla is grappling with a consumer backlash triggered by Musk’s political activism.
In May Musk quit his role in Donald Trump’s administration, where he had led the so-called Department of Government Efficiency (Doge), to focus on running his business empire.
Tesla has also recently released an upgraded version of its flagship Model Y car in an effort to reboot demand, while Musk touted the launch of its robotaxi service in Austin as a potential source of new growth.
