Locator: 51102EVS.
Note: I have no particular interest in EV; simply a spectator; I find the whole sector fascinating -- it seems so variable among companies.
Very mixed story on EV sales in the US in most recent quarter.
- Ford EV sales plummet -- "as EV demand tumbled"
- GM's EV sales also tumbled
- Tesla: blowout deliveries -- suggesting EV demand is growing
Ford: link here. Overall, all sales -- 10% drop in 2Q26 sales due to significant drop in EV sales
- 2Q26:"waning EV demand continued to hit results";
- Ford EV sales fell 41% in 2Q26 to 9,746
- Mustang Mach-E off 31%
- F-150 Lightning down almost 60% (actual: 58.6%) --
- the F-150 Lightning has been discontinued
- hybrids slid 20%: noteworthy given gains seen by direct rivals Honda, Toyota
- 1H26: Ford's EV sales are down almost 60% (actual 57.4%)
- F-Series (non -EV):
- continued sales weakness
- Ford says due to continued fallout from last year's aluminum shortage
GM: EV sales tumbled, also --
- a common theme in the US after expiration of the federal EV tax credit
- that tax credit ended 3Q25
Tesla:
- 25% y/y increase in deliveries -- 480,126 EVs
- easily surpassed Wall Street expectations -- 406,000 - 420,000 units
- blowout performance: company's first y/y delivery growth after two consecutive years of annual declines
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I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
