Tesla, headquartered in Austin, Texas, has surpassed expectations for deliveries in the second quarter of 2024. Despite Wall Street analysts adjusting their forecasts downwards, the electric carmaker managed to deliver a total of 443,956 electric vehicles between April and June. Among these deliveries were 422,405 units of the popular Model 3 and Model Y vehicles, as well as 21,551 units of other EVs such as the Model X, Model S, and the Cybertruck.
Although there was a slight decrease of almost 5% compared to the 466,000 vehicles delivered in the second quarter of 2023, Tesla still managed to exceed analyst estimates of 436,000 units. This strong performance enabled Tesla to maintain its global lead in sales for purely electric vehicles, outperforming Chinese automaker BYD, who reported 426,000 EV sales with a 21% year-over-year increase.
When it comes to production numbers, Tesla manufactured a total of 410,831 units in the second quarter of 2024, including 388,576 Model 3 and Model Y vehicles. However, this figure falls short of the 479,700 units produced during the same period the previous year. Despite this slight decrease in production, Tesla’s delivery numbers indicate a positive trend in consumer demand for their electric vehicles.
Looking ahead, financial results for the second quarter of 2024 are set to be released by Tesla after the market closes on July 23, 2024. Investors and industry analysts will be eagerly awaiting these results to gain further insights into Tesla’s overall performance and profitability during the second quarter.
Overall, Tesla’s ability to exceed delivery expectations in the second quarter of 2024 highlights the company’s resilience and continued popularity among consumers in the electric vehicle market. As Tesla continues to innovate and expand its product lineup, it remains a key player in driving the global transition towards sustainable transportation.