Tesla gross sales tumble once more amid fierce competitors from Chinese rivals
Sales dive: Tesla, led by Elon Musk (picture), delivered 443,956 vehicles in the three months to the end of June
Tesla has posted a second fall in quarterly sales in a row as it faces fierce competition from China.
The US electric car maker, led by Elon Musk, delivered 443,956 vehicles in the three months to the end of June.
This was 5 per cent less than in the same period of 2023 and follows a 9per cent decline in the first quarter of the year.
It was the first back-to-back quarterly sales fall since 2012. However, sales were slightly stronger than analysts were predicting.
It also puts it ahead of its closest Chinese rival BYD.
BYD sold 426,039 vehicles in the three months to the end of June.
The company overtook Tesla in the final quarter of 2023 when it sold 526,409 electric vehicles compared to Tesla’s 484,507.
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