Tesla's Second-Quarter Deliveries Beat Estimates as Price Cuts Boost Sales
Tiger Newspress2024-07-02
Tesla's second-quarter vehicle deliveries beat estimates on Tuesday driven by the electric-vehicle maker's price cuts and incentives that helped stimulate demand.
The world's most valuable automaker's shares surged over 9% in morning trading.
Tesla delivered 422,405 Model 3 and Model Y and 21,551 units of other models, which include the Model S sedan, Cybertruck and Model X premium SUV. It produced 410,831 vehicles during the April-June period.
The EV maker handed over 443,956 vehicles in the three months to June 30, 4.8% lower than a year earlier and up 14.8% from the preceding quarter.
Wall Street on average had expected Tesla to deliver 438,019 vehicles, according to 12 analysts polled by LSEG.
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