Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago

Source: CNBC

Tech
Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago

Published Wed, Apr 2 2025 9:06 AM EDT Updated 4 Min Ago

Lora Kolodny
@in/lorakolodny/

Key Points
* Tesla reported a drop in vehicle deliveries for the first quarter from a year earlier.
* The deliveries and production report lands two days after Tesla’s stock wrapped up its worst quarter since 2022.
* During the quarter, Tesla faced waves of protests, boycotts, and criminal acts in response to CEO Elon Musk’s political antics and work in the Trump administration.

Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. ... Shares slumped 4% following the news.

Here are the key numbers:

* Total deliveries Q1 2025: 336,681
* Total production Q1 2025: 362,615

Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to StreetAccount. Tesla’s investor relations team sends a company-compiled consensus to select analysts, and said the average estimate was for around 377,590 deliveries. Prediction market company Kalshi on Tuesday released a forecast for Tesla deliveries of 352,000. ... In the first quarter of 2024, Tesla reported 386,810 deliveries, and production of 433,371 vehicles.

Wedbush Securities analyst Dan Ives called the report a “fork in the road moment” for the electric vehicle company in a post on social media platform X. ... “We knew 1Q Tesla deliveries would be soft but these numbers were bad,” he wrote. “We are not going to look at these numbers with rose colored glasses...they were a disaster on every metric. Refresh issues but brand crisis key.”

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Read more: https://www.cnbc.com/2025/04/02/tesla-tsla-q1-2025-vehicle-delivery-and-production-numbers.html