Elon Musk im electric vehicle company, Tesla, don see im sales jump to 480,000 cars wey dem deliver worldwide between April and June dis year. Dis one na big increase of 25 percent from di same period last year, according to The New York Times.
Di number wey Tesla produce far pass wetin analysts dem expect. Dem bin predict say delivery go land around 406,000. But Tesla beat am well well. Di Model 3 and Model Y be di main drivers, wit about 97 percent of sales na from dese two models, per Yahoo Finance.
Di company plan to produce 6,200 Model Ys every week from July, one of di executives write on LinkedIn. But for di Cybertruck, sales add up to only about 3 percent of total. Tesla bin talk say dem wan sell 250,000 Cybertrucks per year, but dem no reach dat goal so far.
Europeans help make dis success happen. Customers for Europe bin get strong reaction to Musk association wit President Trump and im Department of Government Efficiency (DOGE), wey cause 2025 sales to sour. But now, di interest don come back.
For di United States, sales drop by 12 percent for Q2 dis year, according to Cox Automotive. One reason na say American government remove tax breaks for electric vehicles last year, wey make EV prices rise. Tesla no give detailed breakdown of sales by region.
Dis Q2 figures come at interesting time for EV world. Many automakers don decide to shift away from all-electric models and focus on hybrids, often say customer demand dey wane. But di war for Iran don send gas prices high, wey make people think again about battery-powered vehicles.
Despite di good delivery numbers, Tesla shares drop. Di stock don rally for four days based on delivery expectations, but once di beat land, traders wey front-run take profit. Na so fund manager Gary Black talk am, say both Tesla and Rivian rise into deliveries, but di AI-narrative explanation no hold.
Also, NHTSA open special investigation into fatal Model 3 crash near Houston, where di driver say di car automated driving software, di same stack wey Tesla dey roll out for robotaxis dis year, bin engage before di vehicle hit a home and kill a 76-year-old woman. Tesla push back hard, as Musk and Autopilot chief Ashok Elluswamy say vehicle data show di driver floor accelerator to 73 mph before impact.
Di near-term numbers no be di problem. Q2 delivery estimates dey constructive, but some analysts like GLJ attribute di strength to inventory clearing rather than demand re-acceleration and keep a Sell rating. Di debate now be about autonomy story, not di cars.
Despite di year-to-date decline, investors wey buy $1,000 worth of Tesla shares five years ago go see investment worth $1,726 now.
