July 2, 2025 – Tesla (TSLA) released its Q2 2025 vehicle production and delivery report, announcing 384,122 vehicles delivered globally, a 13% decline from the 444,000 delivered in Q2 2024. The company produced 410,244 vehicles, including 396,835 Model 3 and Model Y units and 13,409 other models, such as the Cybertruck, Model S, and Model X. Deliveries comprised 373,728 Model 3/Y units and 10,394 other models. Tesla also deployed 9.6 GWh of energy storage products, a quarterly high.

The results, announced Wednesday, aligned closely with Wall Street’s consensus of 385,000 deliveries, per FactSet, though some analysts, like RBC Capital Markets, predicted as low as 366,000. The drop follows a 13% decline in Q1 2025 (336,681 deliveries), marking Tesla’s second consecutive quarterly decline. Investors expected a rebound from the refreshed Model Y, but competition from Chinese EV makers like BYD and a backlash against CEO Elon Musk’s political involvement have hurt demand.

Tesla’s stock rose 2-4% Wednesday, reflecting optimism about its robotaxi initiatives despite the delivery slump. Analysts note a 50,000-vehicle production-delivery gap, signaling inventory buildup amid weakening demand. In China, Tesla’s March sales fell 11.5% year-over-year to 78,828, while European registrations dropped 27.9% in May. The loss of U.S. EV tax credits and potential tariffs under President Trump could further impact sales.

Tesla’s Q2 earnings call is scheduled for July 23, 2025, at 4:30 p.m. CT, with financial results to provide deeper insights. For now, the focus shifts to Tesla’s AI and robotaxi ventures as its core EV business faces ongoing challenges.