Tesla Deliveries Drop 14%, Extending Slide Into Second Quarter

Tesla said it delivered 384,122 vehicles in the second quarter of 2025, a 14% drop from a year earlier and the electric-car maker’s second consecutive annual decline in quarterly deliveries. Output totalled 410,244 vehicles, while Wall Street had expected about 387,000 deliveries, according to FactSet.

The company produced 396,835 Model 3 and Model Y cars and handed over 373,728 of those models to customers. It recorded 10,394 deliveries of its other vehicles, including the steel-bodied Cybertruck, which has faced multiple recalls since shipments began in late 2023.

Tesla blamed softer sales on customers waiting for a refreshed Model Y and intensifying competition from lower-priced Chinese rivals. The brand is also contending with a political backlash against Chief Executive Officer Elon Musk, whose high-profile activism has drawn protests in key markets.

Shares rose about 5% in early New York trading after the report, though the stock remains down roughly 26% for the year, the worst performer among the large-capitalisation U.S. technology group.