Tesla to Boost Production as EV Sales Increase Worldwide -- Market Talk

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Tesla to Boost Production as EV Sales Increase Worldwide -- Market Talk

Dow Jones07-24

1754 ET - Tesla, which curtailed some factory production after ending the first quarter with a relatively high number of unsold vehicles, plans to increase production in its third quarter. The company says consumer sentiment improved in the second quarter, a reversal from recent months in which demand cooled and prices fell. Adoption of electric vehicles worldwide returned to growth, led by China, and EVs are taking market share from gas-powered cars. Tesla shares fall 7.3% in after-hours trading. (connor.hart@wsj.com; @connorhart22)

(END) Dow Jones Newswires

July 23, 2024 17:54 ET (21:54 GMT)

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