- Tesla’s first-half sales fell 13% to 720,803 units. Although this is better than expected, Elon Musk’s company lags further behind Chinese Arch rival Byd, whose global EV volume soared 41% and ruptured one million vehicles this year. The Bulls believe that now Musk has launched his Robotaxi service: “Tesla’s autonomous future is the focus of lasers, and EVS should no longer be the only focus.”
Tesla Reported some good news on Wednesday – EV sales worldwide in the second quarter were nowhere near as terrible as many people feared. However, there is little comfort as Elon Musk’s company lags further behind new industry leaders Bit.
Tesla’s sales collapsed by nearly 14% Three months to June There are only 384,122 cars, which is only slightly worse than the first quarter’s decline and is in line with analyst consensus. Tesla’s stock price gained 3.5% after surprise, as most of the Tesla Bulls, which followed closely behind, expect their shares to be close to 370,000 in the quarter.
“-14% should be marked at the bottom,” Write Gene Munster, partner at Deepwater Asset Management. “The expiration of the (U.S. federal) tax credit will move demand forward and provide measurable improvements to the results.”
Tesla’s problem is that Chinese automaker Byd left Elon Musk’s company in the dust. By 2025, BYD had broken its sales mark of 1 million EV in just six months, while Tesla’s totaled 720,803 cars.
Byd burst 1 million
according to Regulatory application BYD posted to the Hong Kong Stock Exchange on Wednesday, June 3, soaring to 206,884 full-EVs, helping it reach seven figures this year. In the first half of the year, Byd’s EV volume increased by 41% in total, excluding Tesla’s separate plug-in hybrids that are not competitive.
To some extent, with a portion of people nearly 100,000 (as big as Tesla’s global workforce), BYD was able to pull out a popular new model, and Tesla still relies primarily on one vehicle: the ModelY.
Faced with this competition, Musk has already spinned the car from the car, and even Tesla is increasingly struggling to sell electric cars profitably. Instead, the CEO focused on two areas, and he believed that Tesla could distinguish itself in the form of a robotic service or a humanoid robot through artificial intelligence. However, this obviously comes at the cost of neglect his Core automotive business.
Currently, investors seem willing to bring doubtful benefits to Musk, and next year’s stock consensus earnings estimates will still exceed 110 times, with earnings per share estimated at $2.83, a select few high-growth stocks like Palantir.
“Tesla’s autonomous future is Elon Musk’s laser focus and a key for investors,” explain Dan Ives, a technical analyst at Wedbush Securities, said Q2 Despite the sharp decline, it was still “a big step forward”.
Now he Launched his robot serviceMusk may soon be under pressure to prove his AI bets, such as providing evidence that the number of passenger miles booked on his robot is expanding as quickly as he expected.
