Tesla (TSLA) Sees Strong Rebound in Australian Sales Amid Global Slowdown

While Tesla, Inc. (NASDAQ:TSLA) continues to grapple with sluggish demand in the U.S. and Europe, the electric vehicle maker reported a sharp turnaround in Australia, according to a CNBC report released on June 4, where sales surged to their highest level in nearly a year. In May, Tesla delivered 3,897 vehicles in the country, marking a major recovery after a dismal April.

The spike was largely attributed to record sales of the refreshed Model Y, which saw a 122.5% increase compared to the same period last year. The compact SUV’s updated features and improved range have resonated with Australian consumers, helping it regain momentum in a market that has shown growing interest in EVs. Though Model 3 deliveries fell sharply, the performance of the Model Y offset the decline, making it the standout performer in Tesla, Inc. (NASDAQ:TSLA)’s Australian lineup. The company’s overall deliveries in the country rose 9.3% year over year. More notably, they skyrocketed more than 675% month over month, a dramatic rebound from April’s low point of just 500 vehicles sold.

Industry observers point to pent-up demand, increased availability, and favorable government incentives as key contributors to May’s strong performance. The Australian Electric Vehicle Council, which provided the sales data, noted that Tesla’s rebound could signal broader resilience in the EV segment despite global headwinds. This upswing in Australia offers Tesla a rare positive development as it contends with intensified competition and weakening market conditions in other regions.

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