(Reuters) – Tesla reported on Wednesday a larger drop than expected of its deliveries in the second quarter, while intense competition and reactions against the political positions of the Director General Elon Musk affected global demand for its aging range of electric vehicles (VE).
The electric car manufacturer declared having delivered 384,122 vehicles in the second quarter, a drop of 13.5% compared to the 443,956 units of a year ago. Analysts expected deliveries of approximately 394,378 vehicles, according to an average of 23 estimates compiled by Visible Alpha.
Tesla modernized its best -selling Crossover Model at the beginning of the year to stimulate demand, but this modernization forced a production stopping and prompted some buyers to delay their purchases while awaiting the updated version.
The American manufacturer also planned to start producing a cheaper vehicle by the end of June but Reuters reported in April that production was delayed at least a few months.
If a cheaper model is likely to help stimulate sales, analysts expect a second consecutive decrease in Tesla annual sales.
The group’s action, which has lost more than 25% since the start of the year, was up 3% at the opening of the scholarship on Wednesday.
If the deliveries came out in expectations, they are not as bad as it is feared, underlines Seth Goldstein, analyst at Morningstar.
In June, Tesla sales in China also increased by 0.8%, ending a series of eight consecutive months of withdrawal.
(Akash Sriram report in Bangalore and Abhirup Roy in San Francisco; Mara Vîlcu for the , edited by Blandine Hénault)
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