Tesla released its second quarter delivery data a few days ago, and Tesla stock went a bit wild afterward. Apparently, deliveries were higher than the market expected. They were stillyear over year, but the Wall Street consensus was that they would be down much more than they actually were. In any case, I love looking at the long-term trends, so, as I’ve done for the past several years, I’ve created a number of charts to display Tesla’s quarterly sales over time. Let’s jump in.
With this line graph, we’re still using official figures from Tesla. Tesla combines sales of the Model 3 and Model Y, and also combines data for the Model S, Model X, and Cybertruck. What we see down at the bottom is that sales of those latter three models don’t really matter compared to the massive scale of Tesla’s Model 3 plus Model Y sales. Of course, we can see that 3/Y sales bounced up a bit in the second quarter after a sharp 1st quarter drop.
Now we come to cumulative Tesla sales. Whereas this graphic for a long time looked like a perfect exponential growth chart, you can see a clear change in direction at the top now. Does this turn into something like an S-curve chart? Does Tesla regain its sales growth and that bit at the top becomes something like a little dent in the broader picture? We shall see.