Key facts
- Tesla is expected to report a 5% increase in second-quarter vehicle deliveries.
- Analysts anticipate 402,780 deliveries for the quarter.
- Europe is expected to be the largest region for growth, with nearly 40% increase.
- US sales are facing pressure from the expiration of the federal EV tax credit.
- Rising fuel prices are boosting demand for electric vehicles in Europe.
Tesla is anticipated to report a 5% increase in vehicle deliveries for the second quarter, with a rebound in European sales expected to be the primary driver. Analysts surveyed by Visible Alpha project total deliveries to reach 402,780 vehicles, a 4.9% year-over-year rise and a 12.5% increase from the previous quarter.
Deutsche Bank forecasts significant growth in Europe, estimating nearly 40% regional expansion, while China is expected to see a 3% increase. North America, however, is projected to experience a 21% slump, partly due to the expiration of the $7,500 federal EV tax credit in September.
The recovery in Europe follows a year of declining sales in the region in 2025, which was attributed in part to a backlash against CEO Elon Musk's political rhetoric. Analysts suggest that the ongoing rollout of Tesla's Full Self-Driving (FSD) system, though currently limited to a few countries, could further boost demand, with an EU vote on broader implementation expected later this year.
To stimulate sales, Tesla has introduced more affordable versions of its Model 3 and Model Y vehicles over the past year. Rising global fuel prices, influenced by the Iran war, are also contributing to increased demand for both new and used electric vehicles across Europe.