Tesla Stock's (NASDAQ:TSLA) Comeback: What the Latest Q2 Data Means for Investors

Tesla produced approximately 411,000 vehicles in Q2 2024. This marked a 14% drop in production compared to the same period in 2023. The Model 3 and Model Y accounted for the majority of production, with 386,576 units, while the Model S, Model X, and Cybertruck made up the remaining 24,255 units.

Tesla's factory shutdowns in 2024 were caused by an arson attack at their factory in Germany and shipping disruptions due to the Red Sea conflict6. These events led to a decline in production and deliveries, marking the first year-over-year drop in sales in three years.