The market won't fund money-losing EV companies indefinitely.
On Tuesday, Tesla Inc (NASDAQ: TSLA) disclosed its second-quarter EV production and delivery figures and it topped Wall Street estimates with both as its deliveries fell less than expected. Still, the second quarter marked the first time the all-electric king posted two straight quarters of declines. These figures are the closest approximation of Tesla’s sales figures which the EV pioneer does not disclose. Also on July 2nd, BYD posted its second quarter EV sales with which it closed the gap wit
While deliveries of LI Auto (LI), XPeng (XPEV) and NIO witness a year-over-year uptick in the second quarter, RIVN and Tesla (TSLA) deliveries contract on a yearly basis.