FILE - Unsold 2023 Model X sports-utility vehicles sit at a Tesla dealership, June 18, 2023, in Littleton, Colo. Tesla, the top selling electric vehicle maker in the world, is expected to report a second straight quarter of declining deliveries on Tuesday, July 2, 2024.– Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weaking demand for the company's products and electric vehicles overall.
The Austin, Texas, company said Tuesday that it sold 436,956 vehicles from April through June, down 4.8%Demand for EVs worldwide is slowing, but still growing for most automakers. Tesla, with an aging model lineup and relatively high average selling prices, has struggled more than other manufacturers but still is likely to remain the EV leader in the U.S. and across the world.
Tesla's sales decline comes as competition is increasing from legacy and startup automakers, which are trying to nibble away at Tesla's market share. Most other automakers will report U.S. sales figures later Tuesday. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.