Tesla Delivers Record 480,126 Q2 Vehicles, Boosts Chinese Suppliers 5%–9%
TSLA•Tesla delivered a record 480,126 vehicles in the June quarter, driven by strong European demand and Chinese growth after rolling out more affordable Model 3 and Model Y variants. Chinese suppliers Ningbo Xusheng, Ningbo Tuopu and Zhejiang Sanhua gained 5%–9%, while Fuyao Glass rose 3% and CATL climbed 0.7%.
1. Tesla Delivers Record 480,126 Vehicles in Q2
Tesla achieved a record 480,126 vehicle deliveries during the June quarter, marking its strongest delivery performance to date. Growth was fueled by robust orders in Europe and a rebound in China, signaling recovery from previous sales declines.
2. Chinese Suppliers Rally on Delivery Beat
Auto parts makers Ningbo Xusheng, Ningbo Tuopu and Zhejiang Sanhua saw share gains of 5%–9% in mainland trading, while Fuyao Glass advanced 3% in Hong Kong and battery leader CATL added 0.7%. Investors cited the delivery beat as evidence of sustained production and order momentum.
3. Affordable Models and China Production Strengthen Demand
The launch of more budget-friendly Model 3 and Model Y variants helped maintain consumer interest amid rising fuel costs, and increased output of the updated China-built Model Y reinforced the country’s role as a key manufacturing hub. Tesla’s strategy faces growing competition from BYD’s expanding presence in European markets.
