Tesla deliveries climb 25% as fuel price surge boosts Europe demand

Bucking muted market sentiment, Leapmotor and Zeekr both set records for a second consecutive month

Tesla car sales rose over the past three months for the second straight quarter in a possible sign the worst of the boycotts against company and lost market share to rivals are behind it

Tesla expects to spend more than $25bn on capital expenditure in 2026, nearly triple the $8.5bn last year, to expand ​AI infrastructure, battery production, Cybercab manufacturing and Optimus robots.

The US carmaker delivered 480,126 vehicles in the three months to the end of June, up from 384,122 in the same period last year and well above analysts’ forecasts of 404,000.