Haitong International released a report stating that Tesla delivered a total of 443,956 autos in the second quarter, exceeding market expectations; among them, 422,405 were Model 3/Y, and the other models were 21,551. In addition, Tesla deployed 9.4 GWh of energy storage products in the second quarter, setting a quarterly record high.
The bank mentioned that Tesla China announced its latest five-year interest-free installment policy on July 1, which is the third time Tesla China has released a staged interest-free policy this year, with stronger intensity and wider range than before. The bank believes that Tesla's domestic sales have bottomed out. At the beginning of the third quarter, the company changed its previous strategy and launched bolder promotion plans, indicating that Tesla actively responded to the pressure of annual sales volume and adopted diversified promotion methods to stimulate market potential. The bank expects this to continue to boost deliveries.
In addition, Tesla will release Robotaxi on August 8, which will rely heavily on the performance and smoothness of FSD. The bank expects that the company will strive to push out FSD V12.5 major version at the same time as the release of Robotaxi, and the smoothness and safety of driving are expected to further improve. It is also believed that Tesla will continue to accelerate the optimization and iteration pace of FSD. The production and commercialization of Robotaxi are expected to drive rapid improvement in profitability, coupled with the new promotion policy, which will help to rebound performance.