Core Viewpoint - Tesla's Q2 global deliveries reached 384,122 vehicles, slightly below analysts' average forecast of 389,407 vehicles, but better than the pessimistic predictions circulating in the market of 350,000 to 360,000 vehicles, leading to a nearly 7% pre-market increase in Tesla's stock, which later narrowed to a 3% gain [2][9]. Group 1: Delivery and Production Data - In Q2, Tesla produced 410,244 vehicles, exceeding the forecast of 400,083 vehicles [4]. - The total deliveries of 384,122 vehicles represented a 13% year-over-year decline, while the expected deliveries were 389,407 [4][7]. - Model 3/Y production was 396,835 vehicles, surpassing the forecast of 383,567 vehicles, but Model 3/Y deliveries were 373,728 vehicles, down 12% year-over-year [4][3]. Group 2: Market Expectations and Demand Issues - Market expectations were generally lowered due to signs of weak demand, with analysts predicting a significant decline in deliveries [6][7]. - Wells Fargo expected a 21% year-over-year decline in deliveries, estimating only 343,000 vehicles, while Morgan Stanley adjusted its forecast to 360,000 vehicles, which was 8% below consensus [7]. - Despite a 25% increase in overall electric vehicle registrations in Europe, Tesla's registrations in the region fell by 27.9%, with a cumulative decline of 37.1% year-to-date [7]. Group 3: Management Changes and Strategic Adjustments - Elon Musk has taken direct control of Tesla's sales operations in North America and Europe in response to increasing market competition and declining sales [2][9]. - Following the departure of a key executive, Musk is now overseeing more aspects of the automotive business, while Tom Zhu continues to manage sales in Asia and global manufacturing [9]. - Musk's involvement in European sales is particularly notable, as this market has been identified as Tesla's weakest, with significant declines in sales data [9].
美股盘初涨约3% 特斯拉第二季度交付38.4万辆 高于市场悲观预期35万辆
Hua Er Jie Jian Wen·2025-07-02 13:59