Tesla recently announced in a concise press release that in the second quarter of this year, they produced approximately 411,000 vehicles and delivered around 444,000 vehicles. However, according to The Verge, both production and delivery numbers for the quarter have seen a year-over-year decline, indicating that the demand crisis for Tesla vehicles is far from over.
In the past quarter, which ended on the last day of June, Tesla manufactured 410,831 vehicles, marking a 14% decrease compared to the second quarter of 2023. At the same time, the American company led by billionaire Elon Musk, who recently requested a compensation package worth 1.33 trillion Czech crowns for himself, announced that they delivered a total of 443,956 vehicles to customers during the second quarter of 2024. This represents a 4.76% decrease compared to the 466,140 vehicles delivered in the second quarter of 2023.
Breaking down the production and delivery numbers by vehicle model, the breakdown is as follows:
– Model 3/Y: Production – 386,576, Delivery – 422,405
– Other vehicles: Production – 24,255, Delivery – 21,551
– Total: Production – 410,831, Delivery – 443,956
As evident from the numbers above, Tesla continues to face an unfavorable trend that began earlier this year when they reported their first year-over-year decline in deliveries for a quarter since 2020.
Tesla will release its complete financial results for the second quarter of 2024 after the market closes on Tuesday, July 23. It will be interesting to see how Musk’s often controversial statements, the alleged cancellation of the affordable Tesla project, and the speculation surrounding the dissolution of the Supercharger team and rehiring of dismissed employees will impact the financial results and stock value. This will be intriguing not only for shareholders but for all observers of the electric vehicle industry.
In conclusion, Tesla’s recent production and delivery numbers reflect a challenging period for the company, highlighting ongoing issues with demand and market dynamics. The upcoming financial results announcement will provide further insights into how Tesla is navigating these challenges and shaping its future strategies in the competitive electric vehicle market.