Market: Tesla delivers more cars than expected in the second quarter


(Reuters) – Tesla on Sunday announced a record number of vehicle deliveries in the second quarter, above analysts’ forecasts, after in particular an increase in its rebates and purchase incentives.

The automaker led by Elon Musk delivered more than 466,000 cars in the three months to June 30.

Nine analysts polled by Refinitiv expected an average of 445,000 deliveries, with estimates ranging from 439,875 to 450,000 units.

A year earlier over the same period, the automotive group by far the best valued on the stock market had delivered 254,695 vehicles.

Tesla is expected to once again set a sales record in China, its second largest market after North America, despite competition from leader BYD.

The pure electric player, which is shaking the positions of all the historical car manufacturers, has also won a series of victories in fast charging systems, Ford Motor and General Motors, as well as manufacturers of charging equipment, having decided to adopt Tesla’s NACS (North American Charging Standard).

Volkswagen in turn announced Thursday that it was in discussion with the Californian group to also adopt its charging technology.

Tesla stepped up discounts on its vehicles in stock, and slashed prices at the start of the year around the world, sometimes by up to 20%, after 2022 deliveries fell short of expectations.

It delivered 446,915 Model 3 sedans and Model Y SUVs in the second quarter, as well as 19,225 supercharged Model S and X models.

(Akash Sriram and Shivani Tanna in Bangalore, Gilles Guillaume for the French version)

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