Tesla reports 13% drop in first-quarter vehicle deliveries from a year ago
Here are the key numbers:
Total deliveries Q1 2025: 336,681
Total production Q1 2025: 362,615
Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to StreetAccount. Tesla’s investor relations team sends a company-compiled consensus to select analysts, and said the average estimate was for around 377,590 deliveries. Prediction market company Kalshi on Tuesday released a forecast for Tesla deliveries of 352,000.
In the first quarter of 2024, Tesla reported 386,810 deliveries, and production of 433,371 vehicles.
Wedbush Securities analyst Dan Ives, typically among Tesla and CEO Musk’s biggest believers, called the report a “fork in the road moment” for the electric vehicle company in a post on social media platform X.
“We knew 1Q Tesla deliveries would be soft but these numbers were bad,” he wrote. “We are not going to look at these numbers with rose colored glasses...they were a disaster on every metric. Refresh issues but brand crisis key.”