General view of a Tesla shop in Paramus, New Jersey, on March 20, 2025.
Kena Betancur | Pictures of getty
Tesla They reported 336,681 vehicles in the first quarter of 2025, a decrease of 13% compared to one year, two days after the actions of the electricity company finished the actions of the company of electric vehicles The worst quarter since 2022.
Company shares exceeded almost 4%, bouncing to the dive after Politico reported that the CEO Elon Musk could Leave your governing department efficiency position.
These are the key numbers:
- Total deliveries Q1 2025: 336.681
- Total production Q1 2025: 362.615
Investors expected Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to Streetaccount. The Tesla Investor Relations Team sends a consensus compiled by the company to select analysts and said that the average estimate was about 377,590 deliveries. The KalShi prediction market company published a forecast for 352,000 Tesla deliveries on Tuesday.
In the first quarter of 2024, Tesla reported 386,810 deliveries and a production of 433,371 vehicles.
Wedbush Securities, usually among Tesla’s greatest believers and Musk’s CEO, called the report a « fork at the time of the road » for the company of electric vehicles in a position On the social network platform X.
« We knew that 1q Tesla deliveries would be soft, but these numbers were bad, » he wrote. « We are not going to look at these numbers with pink glasses … they were a disaster in all metrics.
The deliveries are the closest approach to the sales of vehicles reported by Tesla, but they are not defined precisely in the communications of shareholders of the company.
Tesla does not highlight sales and production by model or region. However, the company said it produced 345,454 of his most popular Model 3 and Model y And they delivered 323,800 in the three months that ended on March 31.
The company reported 12,881 deliveries from its other models, including its angular steel cybertruck.
During the quarter, Tesla faced the partial and partial stops in some of its factories that allowed the company to update the manufacturing lines to begin producing a redesigned version of its popular SUV Model Y.
Musk recently said for a All hands Session with Tesla employees who expect the model y to be the « best -selling car on Earth this year ».
But Tesla has to fight with an EV and reputational damage attack. In the first quarter, the company was hit with waves of protestsboycotts and some criminal activity that directed Tesla vehicles and facilities in response to Musk’s political rhetoric and his work as part of President Donald Trump Second administration.
After spending $ 290 million to help Trump return to the White House, Musk leads the so -called government department efficiency, or DOGE, which has reduced costs, eliminated regulations and reduced tens of thousands of federal jobs.
Musk, the richest person in the world, has also been involved in European politics, promoting the AFD anti-immigrant party in Germany in the February election. Tesla’s business on the continent struggles.
In 15 European countries, Tesla’s market share It decreased to 9.3% in the first quarter of 17.9% in the same period of the previous year, according to the data followed by Eu-Evs.com. In Germany, the Tesla market share in electric battery vehicles fell to about 16% of about 16% on this section.
Tesla’s sales Electric vehicles made in China It reached 78,828 in March, falling by 11.5% year after year, according to China data from passenger passenger published on Wednesday. The company faces the increase in competition in the EV manufacturers region as BYD.
At the beginning of the quarter, Tesla stated that 8,653 EVS was coming during a January weekend at CanadaThe Toronto star reported, calling it for tens of millions of AV subsidies payments that were part of a program that was over. The Canadian Minister of Transportation later froze the payments and investigate the validity of the sales.
Tesla did not respond immediately to a CNBC email asking if the Canada numbers were included in the first quarter’s delivery report.
Tesla actions sank 36% In the first quarter, its stronger fall since the fourth quarter of 2022 and the third decrease in the company’s 15 years in the public market. The fall erased $ 460 million in market lid.
– Samantha Subin of CNBC contributed to reporting.
Correction: This story has been updated to correct that the Tesla market share in Europe fell from 17.9% in the first quarter of 2024 to 9.3% in the first quarter of 2025.
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