Tesla's numbers beat Wall Street estimates. Analysts expected Tesla deliveries to hit 439,000 in the three months ending June 30, according to a

Tesla reports 443,956 deliveries in second quarter, a 4.8% decrease from last year

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2024-07-02 13:30:07

Tesla's numbers beat Wall Street estimates. Analysts expected Tesla deliveries to hit 439,000 in the three months ending June 30, according to a consensus of estimates compiled by FactSet Street Account. The total number of deliveries in the second quarter was down 4.8% from 466,140 a year earlier.

Deliveries are the closest approximation of sales disclosed by the electric vehicle maker. Tesla groups deliveries into two categories — Model 3 and Model Y vehicles, and all other vehicles — but doesn't report numbers for individual models or specific regions.

Tesla's current lineup includes its popular Model Y crossover utility vehicles, Model 3 sedans and the new Cybertruck pickups, as well as the Model X SUV and flagship Model S sedan.

In April, Tesla reported a drop of 8.5% in first-quarter deliveries to 386,810, the first annual decline since 2020. Weeks later the company reported 13% decline in year-over-year revenue for the quarter, "primarily due to lower average selling price."