All hail the red, white and Musk.
Elon Musk's Tesla (TSLA) -) is the biggest electric vehicle manufacturer and credited with making the entire auto industry do a U-turn away from the internal combustion engine and toward EVs and hybrids.
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Tesla, which is scheduled to report quarterly earnings on July 19, delivered a record 466,140 new cars over the second quarter, up 83.5% from a year earlier and 10.2% north of the 422,875 tally reached over the three months ended in March.
Bright Future for Tesla
Analysts' forecasts for deliveries ranged from 440,000 to around 450,000, with Refinitiv pegging the March quarter target at 448,000.
Besides the strong previous quarter, analysts at Mizuho said they see a bright future for the company due to its position as one of the few EV companies that has a global footprint.
Mizuho sees Tesla as the world leader in EVs for at least the next decade thanks to Gigafactories in Berlin and Shanghai, along with plans to build another in Mexico.
So, if we were to tell you that Tesla is the most wanted car brand in the U.S., you probably wouldn't be surprised. But we're going to tell you anyway.
In fact, Tesla was the car brand people are looking to buy the most across the world, topping the tables as the most Googled car for sale in 39 countries, according to a study by AutoTrader.
It's Good News for All EV Makers
The EV-maker nailed down the top spot in the U.S., in 25 out of 50 states, along with Canada, France, Spain, Germany, Australia, UAE and Scandinavia.
AutoTrader said the report analyzes Google search data to reveal which cars people want to buy the most in over 180 different countries across 200 different car brands.
The group's data shows that in the UK some of the quickest selling cars include the BMW X1, which had an average live listing time of just 11 days, and the Lexus NX 350h, which had an average live listing time of only 13 days.
AutoTrader said Tesla's popularity is good news for the entire EV market as it shows that there is a sustained appetite for electric vehicles in major auto countries.
The EV market could probably use some positive feedback right about now. A recent study by Cox Automotive found that the U.S. electric-vehicle market has hit “critical mass, outpacing average days’ supply of gasoline vehicles at dealerships.”
Part of the problem stems from tumbling used EV prices, which fell nearly 30% in June, leading more buyers to explore the used car market.
