SAN FRANCISCO, June 30 (Reuters) - Tesla (TSLA.O) is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition.
Tesla is expected as early as this weekend to report global deliveries of 445,000 vehicles in April to June, according to the average estimates of nine analysts by Refinitiv.
Tesla CEO Elon Musk's plan to sharply increase sales this year faces challenges from aging and limited product line-ups as competition intensifies especially in China, and demand softens.
It has avoided major price cuts in the past couple of months but has increased discounts, another form of sales incentive.
Tesla is set to increase China sales by 13% from the previous quarter to a record number of vehicles, according to an analyst.
Persons:
Tesla, Elon Musk's, Graphics Tesla, Thomas Martin, Goldman Sachs, Hyunjoo Jin, Akash Sriram, Joseph White, Zoey Zhang, Peter Henderson, Matthew Lewis
Organizations:
FRANCISCO, Refinitiv, Graphics, Reuters, Globalt Investments, Thomson
Locations:
China, United States, Supercharging, Europe, Berlin, San Francisco, Bengaluru, Detroit, Shanghai