Overview

• Q2 deliveries fell 13.5% year-over-year to 384,122 vehicles, while production reached 410,244 units, signaling an inventory overhang.
• Tesla halted Model Y assembly for several weeks early in the quarter to install a facelifted line, a move analysts link to the delivery decline.
• June shipments from the Shanghai factory rose 0.8% year-over-year to 71,599 vehicles, marking the first monthly gain after eight months of declines.
• A US congressional bill would eliminate the $7,500 federal EV tax credit at the end of September, posing added pressure on Tesla’s home-market demand.
• In late June, Tesla began a limited robotaxi trial in Austin using a handful of Model Y vehicles with Tesla safety drivers onboard.