Tesla reported 336,681 vehicle deliveries in the first quarter of 2025, down 13% from a year earlier. In the first quarter of 2024, Tesla reported 386,810 deliveries and production of 433,371 vehicles.
Investors had expected deliveries of between 360,000 and 370,000 vehicles.
Wedbush Securities analyst Dan Iveswas negative about Tesla's numbers: "We knew Tesla's first quarter deliveries would be soft, but these numbers were bad," he wrote in a post on X. "We're not going to look at these numbers unrealistically... they were a disaster by any measure."
See also: Tesla: Temporarily suspends testing of Full Self-Driving (FSD) in China
Deliveries are the closest approximation of sales vehicle reported by Tesla, but they are not precisely defined in the company's shareholder announcements.
Tesla does not break down sales and production by model or region, but it said it produced 345,454 Model 3s and Model Ys and delivered 323,800 of them in the first quarter of 2025. Deliveries of other models totaled 12,881.
During the quarter, Tesla faced some planned outages at some of its factories, which allowed the company to upgrade production lines to begin producing a redesigned version of its popular Model Y SUV.
CEO Elon Musk recently said that the Model Y will be the “best-selling car on Earth this year again.”
See also: The redesigned Tesla Model Y is coming to the US and Europe
However, fewer deliveries than last year indicate that Tesla is facing increased competition. The company has also been the target of protests, boycotts and criminal activity targeting Tesla vehicles and facilities in response to Musk's political views and collaboration with President Donald Trump.
In 15 European countries, Tesla's market share fell to 9.3% in the first quarter of 2025. In the same period last year, the figure was 17.9%.
Tesla's sales of electric vehicles made in China reached 78,828 in March, down 11.5% year-on-year. The company faces growing competition in the region from EV makers such as BYD.
See also: Tesla: Robotaxi service with fully autonomous vehicles in Texas
Fewer deliveries could have serious consequences for Tesla's value. Reduced deliveries mean the company sells fewer cars, which could lead to lower revenue and profits.
This could result in a decline in Tesla's share price in the market, as investors may be concerned about the company'sability to generate profits in the future. In addition, the decline in deliveries could affect the company's image in the market, which could also affect the stock price.
However, it is important to note that the value of a company is not only influenced by its sales. Other factors, such as the company's ability to innovate, the company's management, future prospects and the general state of the market, can also affect the value of the company.
Source: www.cnbc.com
