TESLA is expected to report a 5-percent rise in vehicle deliveries on Thursday for the second quarter (Q2).
The gain is likely to stem from higher demand in Europe, where a sharp jump in fuel prices has pushed consumers to choose battery-powered cars.
While demand in China is expected to be stable, US sales are still pressured by the expiry of the $7,500 Biden-era federal electric vehicle (EV) tax credit in September.
Wall Street expects Tesla’s EV deliveries in the June quarter to rise to 402,780 vehicles, according to 20 analysts polled by Visible Alpha. That is a 4.9-percent rise year over year, and a 12.5-percent jump compared with three months ago.
Deutsche Bank expects the largest regional growth to come from Europe at nearly 40 percent, followed by China at 3 percent and a slump of 21 percent from the prior year in North America.
Tesla does not detail regional deliveries.
Rising fuel prices driven by the Iran war are boosting demand for new and used EVs across Europe
Recovery in Europe follows a year of plummeting sales in the region in 2025 with a backlash against CEO Elon Musk’s far-right political rhetoric.
Analysts say the rollout of Tesla’s Full Self-Driving advanced driver assistance system could boost demand in Europe, although the software has so far been allowed in only a handful of countries. An EU vote on a broader rollout is expected later this year.
Several countries across Europe are expected to report monthly and quarterly automotive sales figures on Wednesday.
In an effort to boost sales, Tesla over the past year has launched lower-cost versions of its Model 3 and Model Y vehicles.
