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Tesla could not resist the decline in the second quarter, but still far exceeded the expected target.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)07/03 Report--

This has been an extraordinary year for Tesla, an electric car company, and sales have been rising as factories have been built and delivered in China to help its global sales grow. According to the latest data released by Tesla, more than 90, 000 new cars have been completed in the second quarter of this year, far exceeding the expected target.

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However, affected by the novel coronavirus epidemic, the global automobile market has suffered an unprecedented impact this year, so that the Tesla brand with strong performance has also been affected. According to second-quarter data, Tesla delivered a total of 90650 cars, up 2.55 per cent from the first quarter and down 4.8 per cent from the same period last year. Production had an even greater impact, with only 82272 vehicles in the second quarter, down nearly 20 per cent from the previous quarter and 5.5 per cent from the same period a year earlier. This also shows that the epidemic has had an impact on Tesla's brand this year, but with the gradual easing of the epidemic, Tesla's sales also increased in the second quarter, on the contrary, production was caused by many outages.

However, according to Reuters, Tesla's second-quarter delivery volume was much higher than the previous analyst estimate of 74130 vehicles. In response, Tesla CEO Elon Musk (Elon Musk) also retweeted Tesla's official Twitter and excitedly expressed his thanks to Tesla car owners and investors! Love you! We will try our best to win your trust and support.

In terms of Tesla's specific models, its lower-priced Model 3 and Model Y remain the mainstay of sales, with production of 75946 vehicles in the second quarter of this year, down 13 per cent from the previous quarter; as Model Y only started production this year, the combined sales of the two models reached 80050, an increase of 5 per cent from the previous month and 3.22 per cent from a year earlier.

The combined production of the high-end Model S and Model X was 6326, down 58.9% from the previous month and 56.4% from the same period last year. The combined sales of the two models were 10600, down 13.11% from the previous month and nearly 40% from the same period last year.

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Last quarter, affected by COVID-19 's epidemic, Tesla's only car assembly plant in the United States was closed for six weeks, which greatly affected Tesla. However, Tesla said, "although the Fremont plant was closed for most of the last quarter, we managed to increase production to previous levels."

But at present, with Tesla's completion of factory construction and rapid delivery in China, the Chinese market has become Tesla's second largest market. Although the June data have not yet been released, according to the data, the cumulative sales in the first five months have reached 30800, accounting for the first place in the domestic New year energy vehicle market, far exceeding nearly 50% of the second model. Although Tesla's domestic Model 3 is favored by more and more consumers in China with lower prices, it is also prohibitive to some consumers because of arbitrary price adjustment, so it is difficult to guess Truss's sales in June.

Earlier, it was reported that the main body of the second phase of the Model Y plant of Tesla's Shanghai factory had been basically completed. Tesla had planned to produce Model Y in his Shanghai super factory as soon as next year. But later, Tao Lin, global vice president of Tesla, said that the construction of the second phase of the Shanghai super factory is progressing smoothly and is expected to be completed by the end of this year and mass production of Model Y in the first quarter of next year.

It means that Tesla is already speeding up the construction of the second phase of the plant, hoping to produce Model Y earlier. After all, China is not only the world's largest car consumer market, but also the world's largest electric vehicle consumer market, and the move will significantly accelerate the company's expansion in the Chinese market.

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Analysts said Tesla's strong performance in the second quarter was largely due to the Chinese market, where demand for the company's Model 3 remained a bright spot for Tesla in the global macro-economy. With the recovery of the market and the climbing of the models, the delivery volume of Tesla is expected to rise gradually in the second half of the year and double next year.

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