Tesla’s quarterly deliveries fall sharper than analysts’ estimates

New Tesla vehicles are loaded on a car carrier in New York

(Reuters) -Tesla reported a sharper-than-expected fall in second-quarter deliveries on Wednesday, as intense competition and backlash against CEO Elon Musk’s political stance hit global demand for its aging electric-vehicle lineup.

Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago.

Analysts expected Tesla to report deliveries of about 394,378 vehicles for the April-June period, according to an average of 23 estimates from Visible Alpha.

(Reporting by Akash Sriram in Bengaluru and Abhirup Roy in San Francisco; Editing by Arun Koyyur)