Tesla sales jump 83% from a year ago as tax credits, broader adoption drive sales

By Tom Krishner | The Associated Press

But the price cuts, both for special orders and on existing inventory, raised questions from analysts who expect the cuts to reduce Tesla’s profit margins when it announces second-quarter earnings on July 19. The second-quarter sales bring Tesla to nearly 900,000 vehicles for the first half of this year. The company sold 422,875 vehicles from January through March.

Prices even were reduced on inventory of the Model Y small-SUV, Tesla’s top seller, by as much as $1,570 in a late June push to move vehicles. “We’re going to likely see the price cuts have weighed on margins,” Morningstar analyst Seth Goldstein said.

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