Tesla Used Prices Rise as Q2 Deliveries and EV Revenue Increase
Tesla is seeing unusually strong used EV pricing, with Model X up 17.5% and Model 3 up 13.5%. Q2 results were also solid: Model 3 and Model Y production rose 12% to 442,936 and deliveries rose 25% to 467,762. EV revenue was 72% of $28.2 billion, and high gas prices appear to be boosting EV demand even as Tesla stock is down 30% this year.