Tesla's Q2 sales dropped 13.5%, facing competition and attributed to lack of affordable options
Tesla’s second-quarter sales dropped 13.5% year-over-year, selling 384,122 cars. US and European sales declined despite overall EV market growth. Chinese automaker BYD outsold Tesla in the first half of the year, posing a threat. Analysts attribute Tesla’s sales decline to lack of affordable product offerings and CEO Elon Musk’s political involvement.
Read more at Yahoo Finance: Tesla sales down 13.5% in Q2