Overview

• Tesla's Q1 2025 delivery consensus of 377,592 vehicles marks its weakest quarterly performance since Q3 2022, with deliveries down 2.4% year-over-year.
• Production disruptions, including the Model Y design changeover across four factories and Cybertruck inventory issues, have significantly impacted output.
• Sales in key markets have plummeted, with European sales down 42% and Chinese sales nearly halved in February 2025 due to increasing competition and market headwinds.
• Analysts attribute declining demand partly to 'brand damage' stemming from Elon Musk's political involvement, which has affected Tesla's public perception.
• Tesla's full-year 2025 delivery projections have been revised downward to 1.85 million vehicles, while the company's stock has fallen 30% year-to-date.