Overview

• Tesla’s Q2 deliveries are forecast at 360,000–395,000 units, marking its steepest quarter-over-quarter decline on record.
• European sales slid 27.9% in May for a fifth consecutive month, and Tesla’s China market share fell to 7.6% through May.
• XPeng delivered 103,181 vehicles in Q2 (up 242%), BYD reached 1.128 million with BEVs at 53.8%, Li Auto posted 111,074 and Nio Group 72,056 units.
• BYD’s fully electric sales outpaced plug-in hybrids for the first time and XPeng met its guidance while expanding into 17 European markets.
• Tesla’s upcoming lower-cost Model Y variant and limited robotaxi pilot have yet to reverse pressure from an aging lineup and intensifying competition.