Tesla has reported its vehicle delivery and production numbers for the first quarter of 2025, falling short of Wall Street expectations. The company delivered a total of 336,681 vehicles during Q1, missing the projected 390,343. This marks a 13% drop compared to the same period last year. Most of the deliveries came from the Model 3 and Model Y, with 323,800 units handed over—well below the consensus of 351,900. Other models, including the Cybertruck, accounted for just 12,881 deliveries, showing a sharp 46% decline from the previous quarter.
On the production side, Tesla built 362,615 vehicles during the quarter, also lower than the expected 412,148. These weaker-than-expected numbers have spooked investors, causing Tesla’s stock to drop by 4.8% in premarket trading. The company plans to release its full Q1 2025 financial results on April 22, after the market closes. A live Q&A session with Tesla’s management will take place at 5:30 PM ET on the same day.
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