It's complicated. Tesla sales rose 7% in July, month-over-month, but the expiration of subsidies hangs over the whole thing. This factor caused total EV sales i

It's complicated. Tesla sales rose 7% in July, month-over-month, but the expiration of subsidies hangs over the whole thing. This factor caused total EV sales in the US to jump 24%, month-over-month, as a whole bunch of sales got pulled from future quarters to the present. But because of the expiration of subsidies, those sales that got pulled ahead into July will probably not be there in September or October. This is why outside analysts expect that for 2025 as a whole, Tesla car sales numbers will decline versus 2024 as a whole. 2024 for Tesla as a whole, incidentally, was a 1.1% sales decrease over 2023. Two consecutive years of sales decline is a big warning sign, especially for a company that is considered a growth stock.