Tesla Q2 deliveries expected to rebound as Europe sales recover

June 30 (Reuters) – Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter.

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, U.S. sales are still pressured by the expiry of the $7,500 Biden-era federal 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% rise year-over-year and a 12.5% jump compared with three months ago.

• Deutsche Bank expects the largest regional growth to come from Europe at nearly 40%, followed by China at 3% and a slump of 21% 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 electric vehicles 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 (FSD) 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

(Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco; Editing by Cynthia Osterman)