Tesla has reported its production and delivery numbers for the first quarter of 2025, with a total of 362,615 vehicles built and 336,681 delivered. The company cited upgrades at its factories as a reason for slightly lower production numbers, as they prepare for the new Model Y, which is reportedly ramping up smoothly.
The majority of deliveries came from the Model 3 and Model Y lineup, accounting for over 323,000 deliveries. Other models such as the Cybertruck and Model S/X made up the remaining 13,000 deliveries. In addition to vehicles, Tesla also deployed 10.4 gigawatt-hours of energy storage, indicating a strong quarter for its energy business.
Analysts reacted swiftly to the Q1 deliveries, with Wedbush analyst Dan Ives expressing concerns about the numbers. Despite the delivery figures, Tesla CEO Elon Musk is reportedly stepping back from his role at DOGE in the coming weeks, according to Politico. However, Tesla’s stock price has seen a 5% increase following the news.
Tesla is set to release its full financial results on Tuesday, April 22 after markets close. A live webcast and Q&A session with Tesla management will be held at 4:30 p.m. Central / 5:30 p.m. Eastern on Tesla’s investor relations website, with a replay available shortly after the broadcast.
Overall, Tesla’s Q1 performance has been closely watched by analysts and investors, with the company navigating production challenges and leadership changes. Stay tuned for more updates on Tesla’s financial results and future plans.