Tesla has published its official production and deliveries report for the fourth quarter of 2025, and the company closed the year with strong numbers across vehicles and energy storage deployments.
Q4 2025 Key Highlights
- Total Production: 434,358 vehicles
- Total Deliveries: 418,227 vehicles (Wall Street estimate: 422,850)
- Energy Storage Deployments: 14.2 GWh (record for the quarter)
While total deliveries came in slightly below estimates, Tesla continued to show stability in its core Model 3 and Model Y lineup.
Model 3/Y Performance
- Production: 422,652
- Deliveries: 406,585 (estimate was 404,930)
- Operating Lease Share: 3%
Model 3 and Model Y remain Tesla’s biggest growth drivers, making up nearly all of the company’s quarterly sales.
Other Tesla Models
- Production: 11,706
- Deliveries: 11,642
- Operating Lease Share: 5%
These include Tesla’s higher-end and specialty vehicles, which continue to contribute modestly compared to the main lineup.
Full-Year 2025 Tesla Results
- Total Production: 1,654,667 vehicles
- Total Deliveries: 1,636,129 vehicles
- Model 3/Y Deliveries: 1,585,279
- Other Models Deliveries: 50,850
- Total Energy Storage Deployments: 46.7 GWh
Tesla’s energy storage business continues to scale rapidly and is becoming one of the most important segments for long-term revenue.
Tesla Faces Mixed Performance in Europe to End 2025
Tesla’s December numbers show a slowdown in several key European markets. In Spain, registrations fell about 44 percent year over year to 1,794 cars, leaving full year sales down roughly 4 percent. Other markets also weakened, with December registrations dropping 66 percent in France and 71 percent in Sweden. Sweden also recorded a 67 percent decline for the full year. Meanwhile, electric vehicles overall continued to grow, with Spain’s EV registrations rising nearly 95 percent according to ANFAC.
Norway was the clear bright spot. Tesla sales there surged nearly 90 percent in December to 5,679 cars, supported by strong demand in a market where fully electric vehicles accounted for 96 percent of all new car sales last year.
BYD Becomes the Top Global EV Seller in 2025
BYD has passed Tesla to become the biggest seller of fully electric cars in 2025. The company delivered 2,256,704 battery electric vehicles, up 28% from 2024, beating Tesla’s expected 1.7 million. Growth was powered by affordable models, strong leadership in China, and exports that crossed 1 million vehicles.
Including plug in hybrids, BYD sold 4,545,423 passenger vehicles in 2025, an 8% year over year increase. Even though plug in hybrid demand softened, BYD’s size and export strength helped it keep the lead. The company’s shares rose after the update as investors reacted to its clear advantage over Tesla.
What This Means for Tesla Investors
The results show that Tesla is maintaining strong production capability while expanding energy storage deployments at record levels. Deliveries missed expectations slightly, but core demand for Model 3/Y remains solid.
Investors will now look ahead to the upcoming earnings call for deeper insights into margins, growth strategy, and 2026 outlook.
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