Tesla vehicle deliveries drop sharply as Musk backlash affects demand
Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago. Analysts had expected it to report deliveries of about 394,378 vehicles, according to an average of 23 estimates from financial research firm Visible Alpha, though projections went to as low as 360,080 units based on estimates from 10 analysts over the past month. Analysts use the number of vehicles delivered to customers as a metric of success to evaluate both automotive sales and production.
'The market is reacting to the deliveries not being as bad as potentially thought with multiple analysts cutting their forecasts over the past week,' said Seth Goldstein, senior equity analyst at Morningstar.
The stock has lost 25% of its value so far this year as investors feared brand damage in Europe, where sales have slumped most sharply, and in the US from Musk's embrace of rightwing politics and his role in spearheading the Trump administration's cost-cutting effort. The day Trump and Musk split publicly in early June, Tesla lost some $150bn in market value. Its share price has somewhat recovered in the ensuing month, but Trump and Musk have likewise reignited their feud as they spar over Trump's sweeping tax bill.
Tesla's plummeting deliveries in a steadily growing global EV market come despite Musk saying in April that sales had turned around.
The company refreshed its top-selling Model Y crossover earlier this year to boost demand, but the redesign forced a production halt and prompted some buyers to delay purchases in anticipation of the updated version.
Most of Tesla's revenue and profit come from its core EV business, and much of its trillion-dollar valuation hangs on Musk's big bet on converting its vehicles into robotaxis.
Tesla last month rolled out a robotaxi service in limited parts of Austin, Texas, for a select group of invitees and with several restrictions, including having a safety monitor in the front passenger seat. The pilot was limited, though, with only about a dozen Robotaxis on the road. The US National Highway and Transportation Safety Administration opened an investigation into the launch of the autonomous ride service.
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The automaker had said it would start producing a cheaper vehicle, expected to be pared-down Model Y, by June's end.
While a cheaper model might help bolster sales, Wall Street expects a second consecutive annual sales decline this year. To achieve Musk's target of returning to growth this year, Tesla would need to hand over more than a million units in the second half - a record and a tough challenge, according to analysts, despite typically stronger sales in the second half.
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Finextra
an hour ago
- Finextra
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Adyen, founded in 2006, took almost the opposite approach – a top-down focus on large enterprises and global retailers. Adyen built a single unified platform for 'unified commerce' (online, in-app, and in-store payments all in one), directly connecting to card networks and local payment methods. This made Adyen the go-to for many big multichannel merchants (think Uber, Spotify, Microsoft, McDonald's, H&M and the like), while Stripe became synonymous with the startup economy and SaaS world. Today, however, their offerings overlap significantly. Stripe now serves 50% of the Fortune 100 companies in some capacity, and Adyen is expanding its reach to mid-sized clients and platforms. Both are truly global – Stripe is used in 195+ countries with support for 135+ currencies, and Adyen similarly supports transactions worldwide (150+ currencies and dozens of local methods). A quick external perspective sums it up well: 'Adyen is better for midsize or large companies with multiple sales channels, whereas Stripe is good for small, online businesses.' In practice, Stripe's flat-rate pricing and plug-and-play simplicity make it popular among SMBs and tech startups. Adyen's custom approach and interchange-plus pricing appeal to high-volume, omnichannel businesses that can integrate a more complex solution. But these lines are blurring. Stripe has been aggressively courting larger enterprises (even Amazon inked a deal in 2023 to have Stripe process a significant portion of its payments across the US, Europe, and Canada). Meanwhile, Adyen is indirectly serving many SMBs via platform partnerships (for example, when Etsy or eBay use Adyen as their payments engine, thousands of small sellers are on Adyen's rails). The competitive arena is set: both companies offer a broad payments platform, but how do their product stacks and pricing compare in detail? Core Payments Infrastructure At their heart, both Stripe and Adyen are payments processors – they enable businesses to accept a wide range of payment methods and get paid online (and offline). Let's compare their core payments capabilities: Stripe and Adyen each support an extensive array of payment methods: global credit/debit cards (Visa, Mastercard, Amex, etc.), digital wallets (Apple Pay, Google Pay, etc.), bank transfers, and region-specific options (from **SEPA Direct Debit in Europe to ACH in the US, Alipay and WeChat Pay in Asia, Klarna/Affirm for BNPL, and many more). Stripe advertises access to 100+ payment methods out-of-the-box with a single integration. Adyen similarly prides itself on being a one-stop solution to 'offer your customers all their preferred payment methods with a single integration'. For example, a merchant using either platform can easily offer local favorites like iDEAL in the Netherlands or Boleto in Brazil alongside global cards. 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Source: Stripe vs. Adyen 2024 performance and strategy highlights NerdWallet on ideal customer profiles for Adyen vs Stripe Stripe Newsroom: Amazon expanding use of Stripe (enterprise win) Stripe Enterprise documentation (custom pricing options) Adyen official pricing page (interchange++ transparency) Codelevate 2025 PSP comparison (product features & pricing details) Fintech Wrap Up deep dive (TPV and product developments in 2024) Adyen website ('One platform' omnichannel messaging) Codelevate on strengths/drawbacks of each platform FXCintel analysis on Adyen's 2023 results (North America focus) Disclaimer: Fintech Wrap Up aggregates publicly available information for informational purposes only. Portions of the content may be reproduced verbatim from the original source, and full credit is provided with a "Source: [Name]" attribution. All copyrights and trademarks remain the property of their respective owners. Fintech Wrap Up does not guarantee the accuracy, completeness, or reliability of the aggregated content; these are the responsibility of the original source providers. Links to the original sources may not always be included. For questions or concerns, please contact us at
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Inside, the V8-powered muscle car gets a more upscale interior, with a leather-wrapped shift knob and flat-bottom steering wheel. That V8 engine upgrade will cost you, though, with the GT Fastback starting at $46,560. The GT Premium Fastback pushes the envelope, priced from $51,080, with a more luxurious set of amenities, including leather-trimmed seats, illuminated door sill plates, and aluminum pedals. The convertible sees its price jump by $5,500 to $56,580. 2025 Ford Mustang — Source: Ford The Mustang Dark Horse marks the top of the range. Starting at $64,380, the modified 500-horsepower V8 engine comes mated to a six-speed manual transmission. A MagneRide damping system comes standard, as does a drift brake. Exclusive Dark Horse badging, a hood accent stripe, and unique front and rear fascias make the high-powered model stand out on the road. The Premium version combines that high performance with a touch of luxury. 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Daily Mail
2 hours ago
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Employee benefit linked to financial stress takes aim at traditional 401(K)s as US debt skyrockets
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