Tesla experiences 14% drop in vehicle deliveries, indicating a second consecutive year-over-year decrease.

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Tesla reported approximately 384,000 vehicle deliveries in the second quarter, marking a 14% decline from the previous year and signaling the second consecutive quarterly drop. The stock rose about 4% on Wednesday.

In the same period last year, the electric vehicle manufacturer reported 443,956 deliveries and a production total of 410,831 vehicles. Here are the key numbers:

Total deliveries Q2 2025: 384,122 vehicles
Total production Q2 2025: 410,244 vehicles

Wall Street analysts had anticipated Tesla to report deliveries of around 387,000 according to FactSet. Deliveries in the first quarter of 2025 fell 13% from the previous year to 336,681. While deliveries are the closest approximation of vehicle sales reported by Tesla, they are not precisely defined in the company’s shareholder communications.

The electric vehicle maker, based in Austin, Texas, does not disclose sales and production figures by model or region. However, the company noted that it produced 396,835 of its most popular Model 3 and Model Y vehicles, achieving combined deliveries of 373,728 for these models in the second quarter. Many investors had low expectations heading into this report.

An independent researcher predicted deliveries of 356,000 for the quarter. Additionally, some market analysis suggested a forecast of around 364,000 deliveries. Gene Munster, managing partner at Deepwater Asset Management, commented that the report came in 4% above the anticipated figures and expects the second-quarter decline to mark the bottom for Tesla.

Tesla faces increasing competition, particularly from Chinese EV manufacturers offering newer and more affordable models. In the first quarter, Tesla partially attributed its declining automotive sales to customers delaying their orders for a refreshed version of the Model Y SUV, which began shipping in March.

Moreover, political backlash against CEO Elon Musk has emerged, with various protests impacting the company’s reputation and influencing sales. Musk’s prior support for certain political figures and initiatives has led to mixed public perception, which could affect the company’s operations.

Tesla also reported 10,394 deliveries of its other models during the second quarter, including the recently launched Cybertruck. This vehicle has faced multiple recalls due to hardware and software issues since its delivery began in November 2023. The company confirmed a production total of 410,244 vehicles for the three months ending in June, including 396,835 Model Y SUVs and Model 3 sedans.

Shares of Tesla experienced a decline of more than 5% on Tuesday, closing at $300.71, and are down roughly 26% for the year, representing the weakest performance among major tech companies. This downturn positioned the company’s market cap below $1 trillion.

Tesla plans to discuss its financial results for the second quarter with investors on Wednesday, July 23, 2025, after the markets close.

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