Tesla reported first-quarter global deliveries of 336,681, significantly missing estimates of 390,342. This marks the company's worst quarter for deliveries since Q2 2022. Tesla attributed the decline to the transition of Model Y production lines across its factories, resulting in lost production time.
Q1 2025
— Tesla (@Tesla) April 2, 2025
Production: 362,615
Deliveries: 336,681
Energy storage deployments: 10.4 GWh
Our Q1 Company Update will be streamed live on X on April 22 at 4:30pm CT
→ https://t.co/NN9i3kWsHn
The refreshed Model Y, launched globally in March, also contributed to decreased demand for the best-selling vehicle. Analysts cited the production changeover as a reason for the depressed demand, highlighting challenges faced by the electric vehicle maker in the quarter.
