Diksia.com - Based on Q2 2023 (April-June) quarterly sales results, BYD and Tesla are the world’s best-selling electric vehicle brands.
In the second quarter of 2023, Tesla sold 466,140 electric vehicles. World wide.
Meanwhile, BYD posted a record quarterly sales of 700,244 units worldwide, including new energy vehicles (half of which were fully electric) and other plug-in hybrid vehicles.
Citing Bloomberg on Monday (March 7, 2023), Tesla’s sales performance in the second quarter of 2023 beat Wall Street expectations.
Tesla Contemporary Amperex Technology Co. Battery Supplier Co., Ltd. LG Energy Solution Co., Ltd. On Monday, they rose 2.3% and 3.1%, respectively, before tapering off.
These results for Tesla show that Musk’s promise to pursue volume through price cuts is having the desired effect.
Analysts surveyed by Bloomberg expect the company to deliver 448,350 vehicles in the quarter. Those shipments were the most in a single quarter for Austin-based Tesla, up 83% from last year.
The company also managed to close the gap between production and delivery to 13,560 units in the second quarter. In the first quarter, it produced nearly 18,000 more cars for customers.
In addition to lowering prices across its product range earlier this year, the company is also offering three months of free fast charging in the U.S. for vehicles shipped by June 30 to lure buyers. Introduced benefits such as Analysts expect price cuts to continue next year.
Tesla doesn’t break down quarterly deliveries by individual car model or region.
Model 3 and Model Y accounted for 96% of sales. Tesla also makes the Model S and Model X.
Tesla is still the largest EV maker in the US, but it faces new competition around the world. His latest vehicle, the Model Y, debuted in his 2020.
In China, the company is far behind BYD. BYD has a fresher lineup and strengthens its global ambitions.
Tesla last week said it would cut the price of its luxury models in China by more than 4.5% after it decided to give cash subsidies to some Model 3 buyers last month.
