Despite plummeting sales in Europe and the United States, Tesla sales have surged in Australia, with record demand for the Model Y in May.
The company reported that there were 3,897 vehicle deliveries in May, which is the highest it's been in nearly 12 months.
Updated Model Y Sales grew 122.5% from May 2024 with 3,580 units sold.
Total deliveries were also up 9.3% year-over-year despite a 48.2% year-to-date decline. They have also surged 675% from when Tesla sold only 500 EVs in April, according to the Australian Electric Vehicle Council.
This follows Tesla's poorest Australian performance of the year in April.
While there was a massive rebound in May, the company’s total sales in the country remain 48.2% down year-to-date compared to the same time last year.
Despite the latest Australian rebound being meaningful locally, Counterpoint Research associate director Liz Lee told CNBC it does not signify a broad global recovery.
“Tesla’s strong sales growth in Australia this May is an encouraging sign, driven almost entirely by strong demand for the updated Model Y,” Lee said.
“But globally, Tesla is still facing headwinds.”
Much of the damage to the Tesla brand came after Musk pulled back from the EV manufacturing company. He stated working in his own White House Department, DOGE and being outspoken about right-wing politics.
Musk’s time at the White House has since ended and he has said he plans to devote more time to Tesla. However, both employees and investors want Musk to step down entirely.
