Q2 Report Shows Tesla’s Global Sales Fell Sharply

The New York Times reports:

Tesla’s global car sales fell sharply in the second quarter, continuing a decline that began last year, as the company puts a greater emphasis on autonomous driving instead of new models aimed at attracting car buyers.

The company said it delivered 384,000 vehicles from April through June, down from 444,000 a year earlier. Tesla’s limited and aging lineup has not been able to withstand growing competition from relatively young Chinese carmakers like BYD and established Western companies like General Motors, Volkswagen and BMW.

Elon Musk, Tesla’s chief executive, has been seemingly indifferent to slumping vehicle sales, saying that the company’s future lies with technology that will allow Teslas to operate autonomously and function as driverless taxis.

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Tesla sales fell 13% in the last three months as anti-Musk sentiment still has an effect https://t.co/dVb9bSsn7h

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