Tesla Faces Consecutive Sales Decline Despite Price Cuts

As competition intensifies and model lineup ages, Tesla's sales drop for the second quarter in a row.

• Tesla's global deliveries fell by 4.8% in Q2, following a similar decline in Q1.
• The company struggles with an aging product lineup and increased competition, particularly in China.
• Experts suggest Tesla needs new or updated models to rejuvenate its sales.
• Price cuts and low-interest financing have not significantly boosted demand.
• Overall U.S. new vehicle sales rose marginally, with high prices deterring many buyers.

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