Tesla sold 254,695 electric vehicles worldwide in the second quarter of 2022.
Tesla powered its way through a second quarter marked by COVID lockdowns in China, delivering 254,695 vehicles worldwide, up about 27% from a year earlier.Investors are watching closely to see how demand holds up for Tesla as the economy slows down.Tesla is now expected to deliver about 1.4 million vehicles for the year, which would be an "impressive" increase of about 50% for the year, Wedbush Securities analyst Dan Ives projected.
Tesla's stock rose 2.6% on Tuesday — the first day of trading since the holiday weekend sales report.Chinese automaker BYD sold 638,157 electric or plug-in hybrid vehicles in the first six months of 2022, outpacing Tesla's 564,743,And Ford is gaining ground quickly, having reported a year-over-year EV sales jump of 77% to 4,353 in June, powered by the F-150 Lightning and Mustang Mach-E.
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