Tesla deliveries slipped again last quarter compared to a year ago amid growing competition and uneven demand for EVs.
Why it matters: The company still holds the scepter as the top-seller of EVs in the world, but its grip is loosening.
Zoom in: Tesla delivered 443,956 vehicles in the second quarter, 4.8% fewer than it did last year.
Zoom out: China, which is the biggest EV market in the world and accounted for about 23% of Tesla's sales last year, presents a growing problem.
Meanwhile in the U.S., Tesla's sales accounted for about half of EVs sold as of May, down from about 62% a year ago.
What we're watching: Tesla reports earnings on July 23, and will hold its fully autonomous robotaxi event on August 8.
2024-07-02T22:40:38Z dg43tfdfdgfd