Tesla Q2 deliveries expected to rebound as Europe sales recover
June 30 (Reuters) - Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter. The gain is likely to stem from higher demand in Europe, where a sharp jump in fuel prices has pushed consumers to choose battery-powe. . .
June 30 (Reuters) – Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter. The gain is likely to stem from higher demand in Europe, where a sharp jump in fuel prices has pushed consumers to choose battery-powered cars. While demand in China is expected to be stable, U. S. sales are still pressured by the expiry of the $7,500 Biden-era federal EV tax credit in September. • Wall Street expects Tesla’s EV deliveries in the June quarter to rise to 402,780 vehicles, according to 20 analysts polled by Visible Alpha. That is a 4. 9% rise year-over-year and a 12. 5% jump compared with three months ago. • Deutsche Bank expects the largest regional growth to come from Europe at nearly 40%, followed by China at 3% and a slump of 21% from the prior year in North America. • Tesla does not detail regional deliveries. • Rising fuel prices driven by the Iran war are boosting demand for new and used electric vehicles across Europe• Recovery in Europe follows a year of plummeting sales in the region in 2025 with a backlash against CEO Elon Musk’s far-right political rhetoric. • Analysts say the rollout of Tesla’s Full Self-Driving (FSD) advanced driver assistance system could boost demand in Europe, although the software has so far been allowed in only a handful of countries. An EU vote on a broader rollout is expected later this year. • Several countries across Europe are expected to report monthly and quarterly automotive sales figures on Wednesday• In an effort to boost sales, Tesla over the past year has launched lower-cost versions of its Model 3 and Model Y vehicles(Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco; Editing by Cynthia Osterman)