For Dan Ives, Wedbush analyst, it was the sales of Model Y – just refreshing – allowed Tesla to thwart certain forecasts.
Some 373,728 Model Y/3 were sold when the market expected 367,100, he stresses in a note, noting that the sales of other models had not reached expectations (10,394 against 15,900 expected).
“After several quarters of significant weakness in China in an increased competitive environment in the electric vehicle, Tesla noted a rebound in June with an increase in sales, for the first time in eight months, illustrating a revival of demand for its modernized model”, noted Dan Ives, calling China as “heart and lung of Tesla’s growth”.
On the production side, Tesla factories maintained the same level as a year earlier with 410,244 vehicles out of the assembly chains between April and June.
Tesla was taken to task (vandalism, boycott calls, demonstrations) in the United States and other countries after the bringing Elon Musk with Donald Trump, by temporarily becoming a close adviser to the White House, but also for her support for far-right governments in Europe.
Important donor of the Republican campaign (more than $ 270 million), the richest man in the world has notably managed the Commission for government efficiency (DOGE) set up by the American president to reduce federal spending. He left him in May to devote himself to his businesses.
Tesla sales have been suffering for many months.
While the group dominated the electric market, its sales have been almost divided by two in Europe since early 2025.
Registrations remained strongly oriented downwards in May in the European Union, not taking advantage of the marked increase in the electric cars market, according to official figures published in late June. They had been divided by two in April.
Norway makes a separate band: Tesla found in May its title as a first manufacturer in the Scandinavian country, by tripling its sales and by armor 18.2 % of new car sales.
The blurring between Donald Trump and Elon Musk hurts Tesla
