Tesla, under the leadership of CEO Elon Musk, has faced notable declines in sales over the last two quarters, sparking discussions in the investment world. However, recent reports suggest that Tesla’s vehicle sales are finally on the rise. Here are the details…
Tesla sales are increasing again
As of the end of September, Tesla announced that it produced 469,796 vehicles and delivered 462,890 of them in the last quarter. This figure marks a 9.1% increase compared to the third quarter of 2023.
Compared to the second quarter of 2024, production increased by 14.4%, and deliveries rose by 5.8%. This shows that the company is producing and selling more vehicles than earlier in the year. It is believed that the introduction and sales of the Cybertruck, Tesla’s electric pickup truck launched in November 2023, have contributed to this growth.
Sales of the cheapest version of the Tesla Model 3 have been halted.Additional taxes in the US have put the company in a difficult situation.
As the electric vehicle sector continues to grow, consumer interest in hybrid vehicles has also increased. Many people prefer hybrid models over fully electric cars. Tesla, however, only produces fully electric vehicles powered by batteries, offering a limited choice, which may put the brand at a competitive disadvantage.
The company faces intense competition not only in the United States but also in China, where manufacturers like BYD and Geely have achieved record sales through aggressive campaigns, directly impacting Tesla’s sales.
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