PODCAST: LET'S DIVE INTO TESLA, FORD, GM, BYD EV DELIVERY RESULTS

EV Channels Review

This episode of the Electrek Podcast delves into the Q2 2024 EV delivery results, with a primary focus on Tesla, Ford, GM, and BYD. Tesla's Q2 deliveries, while beating expectations, showed a year-over-year decline, a point of concern for a growth-oriented company. However, a significant surge in Tesla's energy storage business, which more than doubled its previous record, is highlighted as a potential driver for the stock's recent rise and a growing contributor to revenue and profit. The Cybertruck is speculated to have become the best-selling electric pickup in the US for Q2, though official confirmation is lacking. Conversely, Model S/X sales are noted as significantly down year-over-year, raising concerns about Tesla's ability to keep its older models competitive. The discussion also touches upon Tesla's new software update, the ongoing situation with Tesla India, and potential motor replacements for early Cybertruck owners, which is viewed with suspicion as a possible recall. Ford and GM show positive growth in their EV sales, particularly with the Mustang Mach-E and Blazer EV, respectively, while BYD continues to set new sales records, challenging Tesla for overall volume leadership. XPeng's new AI-centric M03 sedan is also briefly mentioned.