In the three months ending June 30, Elon Musk’s electric vehicle manufacturer delivered around 444,000 vehicles, an increase of more than 14% from the previous quarter.
Although it was still less than 5% from the same period in 2023, that was significantly more than most analysts had predicted.
Due to rising borrowing costs and increased competition, Tesla has been managing a downturn in demand.
In an effort to get customers back, it has frequently lowered costs and introduced affordable lending options.
But it hasn’t had much luck with this.
Sales for the company, which declared in April that it would lay off almost 10% of its staff, had decreased in the first half of the year.
When the year first began, Tesla attributed some of its underwhelming performance to supply difficulties brought on by Red Sea shipping disruptions and a purported arson attempt at its German manufacturing.
However, experts claim Tesla must update its lineup if it wants to prevent competitors from gaining ground.
Although the company began selling its cyber-truck last year, it still only makes up a very small portion of its revenue. 2017 saw the introduction of the company’s mainstream Model 3 car.
