Tesla delivered 384,122 vehicles globally in the second quarter, below Wall Street's expectation of 389,407 units.
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Category: Quarterly Data
In the first quarter, China imported 8,870 vehicles from the US, a 66 percent year-on-year decline.
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Tesla reported first-quarter global deliveries of 336,681 units, missing Wall Street analysts' expectations of 390,343 units and down 13 percent from a year earlier.
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Tesla sold about 196,900 vehicles in China in the fourth quarter, contributing 40 percent of global deliveries.
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For the full year 2024, Tesla delivered 1,789,226 vehicles globally, a decrease of 1.07 percent from 2023 and the first decline in more than a decade.
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Tesla delivered 443,956 vehicles in the second quarter, above Wall Street analysts' estimates of 439,302.
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In the first quarter, Tesla delivered 386,810 vehicles while BYD delivered 300,114 BEVs.
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BYD sold 526,409 passenger BEVs in the fourth quarter, 8.65 percent higher than Tesla's 484,507 global deliveries.
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BYD has caught up with Tesla's 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said.
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Tesla delivered 435,059 vehicles globally in the third quarter, down 6.67 percent from the second quarter. The decline was due to planned downtimes for factory upgrades, Tesla said.
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