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3w ago

Tesla Reports 13% Drop in Q1 2025 Deliveries, Missing Expectations

The electric vehicle maker posted its worst quarterly performance in nearly three years, citing production disruptions, increased competition, and backlash over Elon Musk's political role.

Officers from Ottawa Police Service are seen at a Tesla Service and Showroom centre after it was damaged with pink spray paint in Ottawa, on Monday, March 31. Tesla reported a significant drop in vehicle deliveries for the first quarter of 2025, with a 13% decline compared to the same period last year. 
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Overview

  • Tesla delivered 336,681 vehicles in Q1 2025, down from 386,810 in the same period last year and below analysts' expectations of 372,410 to 408,000 units.
  • The company's stock has dropped over 30% year-to-date, reflecting investor concerns over declining sales, political controversies, and shrinking market share.
  • Sales in Europe fell sharply, with quarterly declines of 41% in France, 55% in Sweden, 56% in Denmark, and nearly 50% in the Netherlands, as Tesla faces backlash against Musk's political affiliations.
  • Production was disrupted by factory upgrades for the refreshed Model Y, contributing to a 16.3% year-over-year drop in vehicle production to 362,615 units.
  • Tesla continues to lose market share to competitors like China's BYD, which overtook Tesla as the top global EV seller in Q1 with a 15.7% market share compared to Tesla's 15.3%.