Tesla reported 384,122 vehicle deliveries in the second quarter of 2025, a 14% decline from a year ago.
The company produced 410,244 vehicles in Q2 2025, exceeding delivery numbers and slightly above analyst expectations of 387,000 deliveries.
Model 3 and Model Y remained the most popular, with 396,835 units produced and 373,728 units delivered in the quarter.
Tesla faces growing competition from Chinese electric vehicle makers and saw some customers delay orders for the refreshed Model Y SUV.
Political backlash against CEO Elon Musk and potential changes to federal subsidies could further impact Tesla’s solar, battery, and EV sales.
Tesla’s stock fell over 5% recently and is down about 26% year-to-date, pushing its market value below $1 trillion.
The Cybertruck model has been recalled eight times since November 2023 due to hardware and software issues.
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