Tesla silences critics with knockout EV sales as Elon Musk controversy fades — but it still can't stop BYD…
- Tesla regains momentum after two years of sales decline
- China and Europe both see an increase in Tesla sales
- Tesla shares still fluctuated, despite the positive news
Tesla’s second-quarter sales results have far exceeded market expectations, with growth in both Europe and China helping to drive a 25% rise compared to the same period last year.
According to The Financial Times, the electric vehicle pioneer delivered 480,126 vehicles in the three months to the end of June, up from 384,122 in the same period last year and well above analysts’ forecasts of 404,000.
Despite shifting its focus to artificial intelligence and robotics in recent years, as well as trimming its model line-up down to just two cars, Tesla has seen huge growth in Europe, aided in part by government EV incentives.
The Guardianreports that the rising cost of fuel and the rapid adoption of electric vehicles on corporate...
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