- In Q1 2025, Tesla (NASDAQ:TSLA) produced 362,615 electric vehicles, delivered 336,681 and deployed 10.4 GWh of energy storage products, posting a notable dip from Q4 2024 and Q1 2024 figures
- Tesla designs, develops, manufactures, sells and leases high-performance fully electric vehicles, as well as energy generation and storage systems, while offering services related to its products
- Tesla stock has added 59.73 per cent year-over-year and 731.75 per cent since 2020
In Q1 2025, Tesla (NASDAQ:TSLA) produced 362,615 electric vehicles (EVs), delivered 336,681 and deployed 10.4 GWh of energy storage products, posting a notable dip from Q4 2024 and Q1 2024 figures.
Deliveries fell well short of Bloomberg’s consensus expectations of 390,342 EVs, and StreetAccount’s 360,000-370,000 estimate, representing Tesla’s poorest performance since Q2 2022.
Tesla’s factory changeover to new Model Y SUV specifications reduced production by “several weeks” in Q1, according to Wednesday’s news release, explaining the discrepancy, though the ramp-up back to normal levels is progressing in line with expectations.
Tesla’s Q1 2025 production figures
| Production | Deliveries | Subject to operating lease accounting | |
| Model 3/Y | 345,454 | 323,800 | 4% |
| Other models | 17,161 | 12,881 | 7% |
| Total | 362,615 | 336,681 | 4% |
While Tesla’s revenue has continued to climb over the years, it is looking to bounce back from slowing profits in 2024, when net income was cut in half to US$7.1 billion after four consecutive years of growth because of a cross-industry drop in EV demand, falling lithium prices and waves of negative sentiment tied to founder and chief executive officer Elon Musk’s involvement in U.S. government.
The company will release its Q1 2025 financial results on April 22, with management set to hold a webcast that afternoon at 5:30 pm ET.
About Tesla
Tesla designs, develops, manufactures, sells and leases high-performance fully electric vehicles, as well as energy generation and storage systems, while offering services related to its products.
Tesla stock (NASDAQ:TSLA) is down by 0.86 per cent on the news trading at US$266.16 per share as of 11:12 am ET. The stock has added 59.73 per cent year-over-year and 731.75 per cent since 2020.
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(Top photo of the Tesla Model Y: Adobe Stock)
