From The Verge: On the heels of Tesla CEO Elon Musk’s massive payday, the company released its latest quarterly production and delivery report, showing drops from last year in both production and deliveries.
Tesla reported producing 410,831 vehicles over the three-month period that ended in June, a 14 percent drop compared to the second quarter of 2023. Tesla reported delivering 443,956 vehicles to customers during Q2 of 2024, a 4.76 percent drop from the 466,140 vehicles it delivered in Q2 2023.
This continues a trend that began earlier this year in which Tesla reported its first year-over-year sales drop since 2020. The company is continuing to struggle with demand as customers have more choices than ever when shopping for an electric vehicle. It did turn around last quarter’s sequential drop in deliveries, with an increase of 14.8 percent compared to Q1.
Tesla has also been dealing with some real struggles that have affected its production, like the ramp-up of the newly refreshed Model 3 at its factory in Fremont, California, and shutdowns related to supply chain issues at its Gigafactory in Berlin.
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