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LB Select
2025.07.02 13:19

Tesla's pre-market shares once rose over 7%, now falling back to 4.6%. In the second quarter, global car sales declined by 13.5% year-on-year, as the company continues to see a significant drop in vehicle sales while attempting to shift towards autonomous vehicles.

Data shows that the company's final quarterly sales were 384,122 vehicles, below analysts' expectations of 387,000 units. The electric vehicle manufacturer has been struggling to reverse several months of declining sales, which analysts partially attribute to consumer backlash against the brand and its CEO, Elon Musk. Due to Musk's political involvement, Tesla faces increasingly fierce competition and brand pressure. Tesla has turned to updating vehicles and low-cost financing in an attempt to attract customer interest.

Tesla will release its financial results for the second quarter of 2025 after the market closes on Wednesday, July 23, 2025

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