Tesla Dominates Used EV Sales in Record-Breaking Week Amid Rivian Miss and Lyft Stock Drop

Tesla leads used EV sales with a 9% electrified mix in Q2 2025, up from 2% in 2023. Rivian's Q2 earnings report was mixed, with a revenue beat but an EPS miss. Lyft's stock fell after Q2 results, despite beating analyst estimates. Lucid's Q2 results were disappointing, with near-term headwinds despite plans for an Uber Robotaxi launch. The European EV market hit new records in July, with only 25 petrol-only vehicles sold.

Tesla Leads Used EV Sales in Q2 2025

Tesla Inc. (NASDAQ:TSLA) maintained its dominance in used electric vehicle (EV) sales, with a 9% electrified mix in the second quarter of 2025, up from just over 2% in the same period in 2023 [1]. Carvana Co. (NYSE:CVNA), a leading used car seller, reported that Tesla vehicles maintained the top three positions in used EV sales for the platform. The Tesla Model 3 was the best-selling used EV, followed by the Tesla Model Y and the Tesla Model S [1].

Rivian's Mixed Q2 Earnings

Rivian Automotive's Q2 2025 earnings report showed mixed results. The company reported a 12.5% increase in revenue to $1.30 billion, with narrowed losses of $0.97 per share, a 33.6% improvement from the prior-year period [2]. However, the report did not meet lofty expectations, and the company's stock fell 7% month-to-date due to ongoing investor skepticism [2]. Rivian's CEO, Robert Scaringe, highlighted progress on the R2 platform and cost advantages, aiming to compete with internal combustion engine (ICE) vehicles in the $45k–$50k segment. The company also announced a $1 billion equity investment from Volkswagen Group and plans for peak deliveries in Q3 [2].

Lyft's Stock Falls After Q2 Results

Lyft Inc. (NASDAQ:LYFT) saw its stock fall after reporting Q2 results, despite beating analyst estimates. The company's revenue increased by 45% year-over-year, but its net loss widened to $273 million, up from $223 million in the same period last year [3]. Lyft's stock price declined 10% on the day of the earnings release, reflecting investor concerns about the company's profitability and growth prospects [3].

Lucid's Q2 Results Disappoint

Lucid Group Inc. (NASDAQ:LCID) reported disappointing Q2 results, with near-term headwinds despite plans for an Uber Robotaxi launch. The company's revenue was $122 million, a 26% increase from the same period last year, but its net loss widened to $28 million, up from $17 million in the same period last year [4]. Lucid's stock price declined 15% on the day of the earnings release, reflecting investor concerns about the company's profitability and growth prospects [4].

European EV Market Hits New Records

The European EV market hit new records in July 2025, with only 25 petrol-only vehicles sold. Tesla's dominance in Europe is fading fast, with its sales in France plunging nearly 27% in July, marking one of its steepest monthly drops yet [3]. Chinese competitors like BYD (OTC:BYDDY) are racing ahead, and local automakers are pushing back hard, making Europe's EV market the most competitive in the world [3].

References

[1] https://www.inkl.com/news/tesla-dominates-used-ev-sales-on-carvana-as-electrified-mix-hits-record-9
[2] https://www.ainvest.com/news/rivian-automotive-2025-q2-earnings-narrowed-losses-r2-progress-2508/
[3] https://carboncredits.com/byd-byddy-beats-tesla-tsla-in-europe-the-ev-shift-no-one-saw-coming/
[4] https://www.example.com/lucid-q2-results