Market
Tesla posts record Q2 deliveries, boosting growth hopes
Yahoo2026.07.03
STORY: Tesla posted record second-quarter deliveries on Thursday.The automaker beat Wall Street estimates and boosted hopes that it could end its two-year streak of annual sales declines.The company delivered more than 480,000 vehicles between April and June, up about 25% from a year ago.It produced around 450,000 vehicles in the same period, leading the firm to reduce inventory built up earlier in the year.:: TeslaA rebound in Europe helped drive the strong results.Higher fuel prices, government incentives for electric vehicles, faster fleet electrification, and a cooling backlash over boss Elon Musk’s politics all supported demand.The performance comes as the firm relies on its core car business while Musk pushes ahead with costly ambitions in autonomous driving and AI.In the United States, demand remained under pressure after EV tax credits were removed late last year.But China was another bright spot. Sales of China-made Teslas have increased this year, helped by an updated model and despite intense competition from BYD and other domestic automakers.Musk's firm launched a six-seat version of the Model Y in the U.S. this week, which is expected to help revive demand in the country.
