Cox Automotive: Tesla US sales expected to fall 21% this quarter

While overall new vehicle sales in the US are expected to grow by 1.7% this quarter, which ends in a few days, Tesla sales are forecast to fall 20.8% compared with Q2 2024, according to new data from Cox Automotive. The US is Tesla’s biggest market.

The data is in line with estimates from a Tesla analyst known as Troy Teslike, who most recently forecast second-quarter sales to decline 24% across North America more broadly.

As we’ve reported, Tesla sales have been heading south in the EV company’s other top markets, China and Europe, as well.

The analyst consensus on FactSet expects global Tesla vehicle sales to drop about 6% for the full year, making it the second year in a row with lower sales than the year before. Teslike expects the decline to be worse, down about 15%.

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