Tesla reported a second consecutive quarterly decline in global sales, a first in its history. In addition, its electric vehicle sales in China slumped by more than 24% YoY in June compared, marking the fourth time this year. Sales for the quarter totaled nearly 444,000 cars globally, a 5% YoY decrease, though surpassing some analysts' forecasts. This decline underscores heightened competition in the electric vehicle (EV) market, where Tesla faces challenges from companies like BYD, which reported a 21% increase in EV sales. Despite these setbacks, Tesla's better-than-expected sales lifted its stock by over 9%.