(2 Jul 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Scio Township, Michigan - 1 July 2024
1. The exterior of a Tesla store
ASSOCIATED PRESS
Pittsfield Township, Michigan - 2 July 2024
2. SOUNDBITE (English) Tom Krisher, The Associated Press:
“For the second straight quarter, Tesla's sales fell. This time, it was about 4.8%.”
ASSOCIATED PRESS
Scio Township, Michigan - 1 July 2024
3. Various of vehicles on the lot
ASSOCIATED PRESS
Pittsfield Township, Michigan - 2 July 2024
4. SOUNDBITE (English) Tom Krisher, The Associated Press:
“But it beat analyst expectations, and that caused the Tesla stock to go up during the day on Tuesday, when the sales were released. The decline came despite Tesla adding low-interest financing for its cars and cutting prices by a couple thousand dollars during the quarter.”
ASSOCIATED PRESS
Scio Township, Michigan - 1 July 2024
5. Various of the Tesla store exterior
ASSOCIATED PRESS
Pittsfield Township, Michigan - 2 July 2024
6. Various of a Tesla charging station
7. SOUNDBITE (English) Tom Krisher, The Associated Press:
“It looks like maybe they're kind of on the way toward a turnaround, and they could see positive sales in the second half of the year. What this all means is that Tesla had been struggling and may be coming out of it now, but the incentives that they had to do may have an effect on earnings -- cut into earnings and its profit margins once it does second-quarter earnings later in July.”
ASSOCIATED PRESS
Scio Township, Michigan - 1 July 2024
8. The Tesla logo on a sign at the store
ASSOCIATED PRESS
Pittsfield Township, Michigan - 2 July 2024
9. A Tesla vehicle parked at a charging station
ASSOCIATED PRESS
Scio Township, Michigan - 1 July 2024
10. A placard displayed at the store advertises a $7,500 federal tax credit
ASSOCIATED PRESS
Pittsfield Township, Michigan - 2 July 2024
11. SOUNDBITE (English) Tom Krisher, The Associated Press:
“Sales at Tesla, which is now based in Austin, Texas, are important, because they're kind of a harbinger for the rest of the world. Tesla is the largest electric vehicle maker in the world, and how its sales go usually are an indication of how electric vehicle sales are going to go for other manufacturers. We'll see more later, when other manufacturers release details. But obviously Tesla is important, because governments are counting on electric vehicles to reduce tailpipe emissions and cut greenhouse gases and fight global warming. And if EVs don't sell, then they're going to have a harder time doing that.”
ASSOCIATED PRESS
Scio Township, Michigan - 1 July 2024
12. Various of the Tesla store
STORYLINE:
Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall.
The Austin, Texas-based company said Tuesday that it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold the same period a year ago. But the sales were better than the 436,000 that analysts had expected.
Demand for EVs worldwide is slowing, but they're still growing for most automakers. Tesla, with an aging model lineup and relatively high average selling prices, has struggled more than other manufacturers. Still, it retained the title of the world's top-selling electric vehicle maker.
For the first half of the year, Tesla sold more than 910,000 vehicles worldwide, handily beating China's BYD, which sold 726,153.
Shares of Tesla rose at the opening bell.
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Негізгі бет Tesla’s global sales drop for 2nd straight quarter despite price cuts, AP Explains
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