Tesla's vehicle sales have been declining, with the redesigned Model Y not reversing this trend. In Q2, Model Y sales in the U.S. decreased 15% year-over-year to about 86,000 units, contributing to a 12.6% overall decline in U.S. sales. Global deliveries dropped 13.5% for the same quarter. Analysts believe Tesla must diversify its offerings beyond two models to improve sales performance as reliance on fewer vehicles is not sustainable.
In the second quarter, Model Y sales in the U.S. fell 15% year-over-year, to some 86,000 units from over 101,000. The shortfall contributed to an overall decline in the U.S. for Tesla of 12.6%, or around 20,000 cars.
Tesla's global vehicle deliveries fell 13.5% in Q2, suggesting that the refreshed Model Y did not reinvigorate sales significantly in major markets.
Analysts suggest Tesla needs to roll out more models across different price points and segments to avoid continued declines in sales.
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