Tesla's EV sales held up despite COVID lockdowns in China

Tesla powered its way through a second quarter marked by COVID lockdowns in China, delivering 254,695 vehicles worldwide, up about 27% from a year earlier.Investors are watching closely to see how demand holds up for Tesla as the economy slows down.Tesla is now expected to deliver about 1.4 million vehicles for the year, which would be an "impressive" increase of about 50% for the year, Wedbush Securities analyst Dan Ives projected.

Tesla's stock rose 2.6% on Tuesday — the first day of trading since the holiday weekend sales report.Chinese automaker BYD sold 638,157 electric or plug-in hybrid vehicles in the first six months of 2022, outpacing Tesla's 564,743,And Ford is gaining ground quickly, having reported a year-over-year EV sales jump of 77% to 4,353 in June, powered by the F-150 Lightning and Mustang Mach-E.

Source: Car News Wire (carnewswire.net)

Teslas problem isn’t falling sales, it’s outselling the available infrastructure. There’s one dealership on the other side of my state, and almost zero in the way of chargers. If Tesla keeps outpacing they’ll suffer greater losses as people are inconvenienced with maintenance

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EV sales: Ford and GM could overtake Tesla in 2025 | Car News | Auto123A recent Bank of America Merrill Lynch study predicts that Ford and GM will overtake Tesla for EV sales as soon as 2025. Auto123 has the details.
Source: auto123 - 🏆 566. / 51 Read more »

UK Plugin EV Share At 22%, Tesla Model Y Overall Runner UpJune saw plugin electric vehicles take 21.6% market share in the UK, up from 17.2% YoY. Can we stop lumping in hybrids with BEVs? The former are trash, in a time when BEVs are available. Halfway to where we should be this year! ✊🏼⚡️
Source: cleantechnica - 🏆 565. / 51 Read more »

Asian Development Bank Sees Increase In EV Sales In The Region, Recommends Strategies“Fully harness the EV momentum,” says the Asian Development Bank (ADD) in its “E-Mobility Options for ADB Developing Member Countries,
Source: cleantechnica - 🏆 565. / 51 Read more »

Electric car sales UK: one in five new cars is now an EVNew figures out today confirm that one in five new cars sold in the UK this year are now electric vehicles ⚡️
Source: CARmagazine - 🏆 382. / 55 Read more »

Tesla posts second-quarter sales drop amid supply chain, pandemic problemsTesla signaled things are getting better Saturday, saying it produced more vehicles during June than in any other month in its history.
Source: therealautoblog - 🏆 528. / 51 Read more »

BYD Overtakes Tesla In Global NEV Sales In The First Half Of The Year | CarscoopsBYD Overtakes Tesla In Global NEV Sales In The First Half Of The Year | Carscoops carscoops
Source: Carscoop - 🏆 306. / 63 Read more »