Latest news with #vehicleDeliveries
France 24
09-07-2025
- Automotive
- France 24
Volkswagen US deliveries fall as Trump tariffs bite
Total vehicle deliveries into North America fell almost seven percent in the first half of the year, the German group said, even as overall deliveries worldwide notched a rise of 1.3 percent. In the three months to June -- a period dominated by the fallout of Trump announcing 25-percent tariffs on cars in late March and further sweeping duties in April -- deliveries to North America plunged 16.2 percent. In China, a key market where European carmakers are struggling against the electric models of local competitors such as BYD, first-half deliveries fell just over two percent. Marco Schubert, board member for sales at the firm, said the declines were "expected" and that "gains in South America and Europe more than offset" the impact. Trump has announced a wide range of duties in a bid to boost US manufacturing, but promptly suspended the implementation of many of them before inviting countries to seek trade deals after markets plunged worldwide. Though April's "Liberation Day" tariffs have been paused until August 1, a 25-percent tariff on imported cars that are not largely made within North America remains in force. Carmakers have rushed to find ways to minimise the impact of the levies, with high-end automaker Mercedes-Benz on Monday saying it had delayed some US deliveries in the expectation of tariffs coming back down. Stuttgart-based Porsche reported Tuesday a 10-percent rise in its first-half North American sales, saying it had plentiful stocks in the region and that increased import tariffs had offered a degree of "protection" for its cars. But overall first-half sales fell at both firms after being dragged down by China, with Porsche's deliveries in the country down 28 percent and Mercedes-Benz's car sales falling 14 percent. © 2025 AFP
Wall Street Journal
09-07-2025
- Automotive
- Wall Street Journal
Volkswagen Vehicle Deliveries Rise Despite North America Weakness
Volkswagen VOW3 0.24%increase; green up pointing triangle vehicle deliveries rose in the second quarter after gains in China and South America offset a steep decline in North America. European automakers have been hit by President Trump's 25% duty on imported cars and parts while intense competition in China has seen rivals cut prices to win customers.
Yahoo
09-07-2025
- Automotive
- Yahoo
Volkswagen Q2 deliveries rise slightly despite drop in US demand
(Reuters) -German carmaker Volkswagen saw a 1.2% rise in vehicle deliveries during the second quarter despite a drop in U.S. demand, with all-electric vehicles (BEVs) deliveries up 37.6%, the company said on Wednesday. Volkswagen delivered a total of 2.27 million vehicles during the quarter, 248,700 of which were all-electric, it added. The company reported sales growth in all markets except for North America and Western Europe, where deliveries fell by 16.2% and 0.7% respectively.
Yahoo
04-07-2025
- Automotive
- Yahoo
Analyst drops bold words on Tesla stock
Analyst drops bold words on Tesla stock originally appeared on TheStreet. Tesla's () quarterly vehicle deliveries fell for the second consecutive quarter, deepening concerns about sliding demand and rising competition in the global EV race. The automaker reported 384,000 vehicle deliveries for the June quarter, down 14% from a year earlier and slightly below Wall Street expectations of 387,000. The company delivered 443,956 vehicles during the same period last year and 336,681 in the first quarter of 2025, which was also a 13% year-over-year decline. Deliveries are generally defined as exact sales. The latest figures reflect growing pressure on Tesla's position in the global electric vehicle market. The company is grappling with intensifying competition, particularly from Chinese automakers offering newer and cheaper EV models. Tesla shares rose nearly 5% on July 2, after a sharp 5.3% drop the day before pushed the stock down to $300.71. Year-to-date, Tesla stock is down 22%, the weakest performer among the Magnificent Seven stocks. Tesla is also contending with political challenges linked to CEO Elon Musk despite optimism about the company's robotaxi pilot in Austin, Texas. Public criticism has mounted over Musk's growing involvement in national politics. He was a prominent supporter of Donald Trump during last year's election and briefly led DOGE, a government reform initiative under the Trump administration that aimed to reduce the size of federal once allies, Musk and Trump have clashed more openly since Musk stepped down from his federal role in May. Musk recently criticized Trump's sweeping tax and spending bill, which would eliminate subsidies for electric vehicle purchases that have benefited Tesla. The bill passed the Senate by a narrow margin on July 1. 'The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm,' Musk wrote on X. He also called it 'political suicide for the Republican Party' and called for the creation of a new political party. Tesla could lose up to $1.2 billion in earnings if the electric vehicle credit is removed, equal to about 17% of its 2024 operating income, according to J.P. Morgan estimates reported by Reuters. Tesla will report its full second-quarter financial results on Wednesday, July 23, after the market closes. Wedbush analyst Daniel Ives reiterated an outperform rating and a price target of $500 for Tesla stock following its deliveries. Ives said the delivery number came 'better than feared' as the company saw success with its Model Y refresh cycle in the quarter. He also pointed to signs of a rebound in China."Despite seeing more low-cost models enter the market from Chinese OEMs, the company's recent updates to the Model Y spurred increased demand," Ives wrote. "Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle." Looking ahead, Ives believes Tesla remains well-positioned in the race for autonomous driving. More Tesla: Tesla robotaxi launch hits major speed bump Tesla claims rival startup is built on stolen trade secrets 10,000 people join Tesla class action lawsuit over key issue 'Tesla will own the autonomous market in the US,' he said, citing the rollout of unsupervised FSD in Austin and the potential to license the technology globally. Still, Ives warned that Elon Musk's public feud with former President Trump could stir investor unease, especially with government policy key to Tesla's autonomous drops bold words on Tesla stock first appeared on TheStreet on Jul 3, 2025 This story was originally reported by TheStreet on Jul 3, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Automotive
- Yahoo
Tesla deliveries fall 13%, biggest quarterly decline in company history, as Musk and Trump continue public feud
From Elon Musk's controversial Washington crusade to the Cybertruck's flop, it's been a bad year for Tesla. Now, the EV company is reporting a 13% decline in vehicle deliveries for its second quarter, marking the second quarterly decline in a row. No tax on tips or overtime, with a catch: What to know as Trump's 'big, beautiful bill' passes the Senate 'Alligator Alcatraz' merch appears on Amazon and Florida GOP website, making light of controversial facility Psychologists now know exactly what makes someone cool. Turns out, the definitions are universal On Wednesday, Tesla reported 384,122 total vehicle deliveries, down from 443,956 in the same period last year. The drop of almost 60,000 vehicles is Tesla's biggest quarterly decline in the company's history, and is on par with low expectations from various analysts. The drop follows last quarter's decline, with Tesla reporting 336,681 deliveries for this year's first quarter, down from 386,810 the previous year. Still, the Austin-based company's stock is up by 4.4% at the time of publishing, although it is on course for an annual drop amid ongoing challenges related to Musk's controversies, changing policies, and an increase in EV competition. Tesla's sales in European and Asian markets have plunged throughout the year, in part due to other EV manufacturers taking the lead as a demand for EV vehicles remains steady. Notably, Chinese EV leader BYD outpaced Tesla's $97.7 billion in annual revenue last year, rising to $107 billion. In April, the Chinese company also outsold Tesla in Europe for the first time, selling 7,231 battery-powered electric vehicles over Tesla's 7,165. Despite BYD's growing popularity, its stock price has been slowly declining, with its shares down 1.4% at the time of publishing. Tesla has been facing backlash following Musk's 130-day stint as head of the Department of Government Efficiency (DOGE), which implemented massive layoffs and funding cuts for federal agencies. Public outrage targeted the EV maker, with protests organized outside of Tesla dealerships; videos of users trading in their Teslas going viral on social media; and overall mockery and pranks surrounding Tesla vehicles. Additionally, discontent from the CEO's political alignment led to sales declines in key U.S. markets like California. Despite a slight rise in Tesla's stock following Musk's departure from DOGE, public trust in the company and sales have not recovered. After Musk stepped down as head of DOGE, the former adviser and President Trump entered into a feud over the proposed 'Big Beautiful Bill.' The budget bill, which Musk called a 'disgusting abomination,' plans to cut EV tax credits, which would likely hurt Tesla's sales. Since then, tensions between Musk and the president have risen, with both sharing insults, allegations, and exchanges via social media, while Tesla's stock plummeted. Early last month, the company's share price fell as much as 15% (it has since slowly recovered). Tesla, whose current market capitalization is upward of $1 trillion, is expected to release its second quarter financial results on July 23 after market close. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
