Tesla's sales data is usually disclosed on the official IR website and is expected to be announced on July 2nd (data for the previous quarter was announced on April 2nd).This morning, a Weibo post seemed to subtly reveal some sales information. In a Weibo post about Tesla's &#34;5-year 0% interest&#34; car purchase policy, it stated &#34;Tesla's sales hit a new high in June.&#34;<img src="https://pub.pbkrs.com/uploads/2024/e4e9e6ff963c4f1685477f1e70acec74?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/uploads/2024/e4e9e6ff963c4f1685477f1e70acec74"/>However, it was later edited to remove the phrase &#34;hit a new high,&#34; which may indicate that June's sales will not be very pessimistic.<img src="https://pub.pbkrs.com/uploads/2024/adc8c142c37de42c3fe357e35cc6955b?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/uploads/2024/adc8c142c37de42c3fe357e35cc6955b"/>Additionally, according to Reuters, Tesla's quarterly deliveries in June may decrease by 3.7%, marking the first consecutive decline in two quarters. This is due to intense competition in the Chinese market and a slowdown in demand caused by the lack of affordable new models.Based on a survey of 12 analysts by the London Stock Exchange, the company is expected to deliver 438,019 vehicles from April to June, with 7 analysts significantly lowering their expectations in the past three months. Tesla is expected to announce the data on Tuesday.After years of rapid growth, Tesla has now become the world's most valuable automaker, but it is currently facing bottlenecks. The company warned in January that with the fading boost from months of price cuts, delivery growth in 2024 will significantly decrease.<img src="https://imageproxy.pbkrs.com/https://nimg.ws.126.net//query-cXVhbGl0eT04MCZ0aHVtYm5haWw9NjYweDIxNDc0ODM2NDcmdHlwZT1qcGcmdXJsPWh0dHA6Ly9kaW5neXVlLndzLjEyNi5uZXQvMjAyNC8wNzAxLzI5MTY5NTNkajAwc2Z5MGFjMDAxamQwMDByczAwaWhnLmpwZw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://nimg.ws.126.net//query-cXVhbGl0eT04MCZ0aHVtYm5haWw9NjYweDIxNDc0ODM2NDcmdHlwZT1qcGcmdXJsPWh0dHA6Ly9kaW5neXVlLndzLjEyNi5uZXQvMjAyNC8wNzAxLzI5MTY5NTNkajAwc2Z5MGFjMDAxamQwMDByczAwaWhnLmpwZw"/>Compounding these issues, consumers are shifting towards cheaper hybrid vehicles, leading to a continuous increase in Tesla's vehicle inventory. The company is trying to sell these vehicles through price reductions and incentives (including cheaper financing options and leasing).Earlier this year, CEO Elon Musk shelved plans to manufacture a brand-new affordable electric car and shifted Tesla's focus to autonomous ride-sharing vehicles. This has raised concerns among some investors who worry about the challenges of perfecting autonomous driving technology. Nevertheless, investors overwhelmingly supported his record $56 billion compensation plan at last month's annual shareholder meeting.Barclays analyst Dan Levy predicts that Tesla's second-quarter deliveries will decrease by 11%, the largest drop ever. He stated that weak delivery numbers may refocus attention on the severe fundamental environment Tesla is currently facingDespite Musk's prediction in April that Tesla's sales would increase this year, the company's stock price has already fallen by a quarter, making it one of the worst-performing stocks in the S&amp;P 500 index. He has significantly cut costs, including massive layoffs, leading to the disbandment of Tesla's supercharging team.Some analysts predict that the company's annual sales will decline for the first time this year. In the first quarter of this year, the company's delivery volume saw the largest drop in nearly four years, falling below Wall Street's expectations.Tesla's sales in Europe have been particularly weak, with a 36% drop in May, due to reduced electric vehicle subsidies and weak demand from fleet operators. Last year, fleet operators accounted for nearly half of Tesla's sales in the region.Reuters reported in May that Tesla is trying to appease some European leasing companies, as the company has repeatedly lowered retail prices, leading to a significant decrease in the value of its vehicles, while its slow service and expensive maintenance costs have alienated corporate customers.As Chinese competitors continue to launch affordable models, Tesla has been slow to introduce new designs to the market. In April this year, Musk stated that Tesla will launch &#34;new models&#34; later this year, including an economy car, but did not disclose pricing details.Tesla updated its Model 3 sedan at the end of last year, but there were no major design improvements. Its best-selling Model Y SUV, Model S luxury sedan, and Model X SUV have not undergone significant changes for years.The company started delivering Cybertrucks at the end of last year, but Musk expects mass production of the model to be delayed until 2025. This pickup truck has been plagued by recalls and quality issues.In May this year, Tesla abandoned its goal of delivering 20 million vehicles annually by 2030 in its latest impact report, a significant change compared to the company's long-standing goal of 50% annual growth in electric vehicle deliveries.Tesla is expected to release self-driving taxis on August 8th to promote the widespread use of its fully autonomous driving software. However, it is currently unclear when production will begin and how many vehicles will be produced

TSLA

It is expected to deliver 438,019 vehicles during the period from April to June

- Tesla's sales data is typically disclosed on the official IR website, with the next update expected on July 2nd (following the April 2nd release for the previous quarter). Recent hints on Weibo suggest a potential record-breaking June sales month, although subsequent modifications may indicate a more cautious outlook. Analysts predict a 3.7% drop in Tesla's quarterly deliveries for June, attributed to competitive pressures in China and a slowdown in demand due to a lack of affordable new models.
- Tesla, once a rapid-growth leader now facing challenges, is adjusting strategies amidst concerns over declining delivery growth and increased inventory. Despite Elon Musk's optimistic sales forecast earlier this year, Tesla's stock has dropped significantly, prompting cost-cutting measures and a shift towards autonomous driving projects. Analysts anticipate a substantial 11% drop in second-quarter deliveries, reflecting a challenging operating environment and potential first-ever annual sales decline for the company.

Tesla's Q2 sales figures are about to be announced, expected to be released on July 2nd