finance
Tesla Deliveries Rise 25 Percent in Second Quarter
The company recorded stronger sales in Europe and China that offset weaker U.S. results after federal EV tax credits ended. Overall deliveries increased 25 percent compared with the same period last year.
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Tesla reported a 25 percent increase in vehicle deliveries for the second quarter. Sales rose in Europe and China while U.S. figures declined after federal tax credits for electric vehicles expired.
Europe benefited from higher fuel prices that increased demand for electric vehicles. China also contributed to the overall gain with stronger second-quarter results. The U.S. market showed weaker performance after the expiration of federal tax credits. The company did not provide additional details on the scale of the U.S. decline.
The second-quarter figures reflect the combined impact of regional demand shifts and the end of U.S. purchase incentives. No further quarterly breakdowns were released.
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