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Major automakers reported mixed second-quarter results as Tesla and BYD posted strong EV deliveries, while Ford and General Motors saw U.S. sales decline.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Major automakers reported mixed U.S. and global results for the second quarter, according to Benzinga.
00:08Tesla delivered 480,126 vehicles worldwide, up 25% from a year earlier and 34% from the first quarter.
00:17BYD delivered 557,090 fully electric vehicles as overseas expansion supported growth.
00:23Ford's U.S. electric vehicle sales fell 40.7% to 9,746 units in the second quarter, while total
00:31sales declined 10% to 522,811 vehicles.
00:36General Motors reported a 4.2% decline to 714,896 vehicles.
00:43Stellantis increased U.S. sales by 6%, supported by gains for Jeep, Ram, and Dodge models.
00:49Rivian delivered 12,194 vehicles, exceeding its guidance and raised its full-year outlook.
00:56Lucid delivered 3,953 vehicles and announced leadership changes.
01:01Toyota's U.S. sales rose 1.1%, while electrified vehicle sales increased 19% and represented 56.8% of
01:09quarterly volume.
01:10For all things money, visit Benzinga.com.
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