• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago
Editor's Pick

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

by April 2, 2025
by April 2, 2025 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

Here are the key numbers:

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.

Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company’s shareholder communications.

Tesla doesn’t break out sales and production by model or region. However, the company said that it produced 345,454 of its most popular Model 3 and Model Y cars and delivered 323,800 of them in the three months ending March 31.

The company reported 12,881 deliveries of its other models, including its angular steel Cybertruck.

During the quarter, Tesla faced planned, partial shutdowns in some of its factories that allowed the company to upgrade manufacturing lines to start producing a redesigned version of its popular Model Y SUV.

CEO Elon Musk recently said during an all-hands session with Tesla employees that he expects the Model Y to be the “best-selling car on Earth again this year.” 

But Tesla has to contend with an onslaught of EV competition and reputational damage. In the first quarter, the company was hit with waves of protests, boycotts and some criminal activity that targeted Tesla vehicles and facilities in response to Musk’s political rhetoric and his work as part of President Donald Trump’s second administration.

After spending $290 million to help return President Donald Trump to the White House, Musk is leading the Department of Government Efficiency (DOGE), where he’s slashing costs, eliminating regulations and cutting tens of thousands of federal jobs.

Musk, the world’s wealthiest person, has also involved himself in European politics, promoting the anti-immigrant AfD party in Germany in February’s elections. Tesla’s business on the continent is struggling.

Across 15 European countries, Tesla’s market share declined to 9.3% in the first quarter from 17.9% in the same period a year earlier, according to data tracked by EU-EVs.com. In Germany, Tesla’s market share in battery electric vehicles plummeted to 4% from about 16% over that stretch.

Sales of Tesla’s electric vehicles made in China came in at 78,828 in March, slumping 11.5% year-on-year, according to data from the China Passenger Car Association released Wednesday. The company is facing rising competition in the region from EV makers such as BYD.

Tesla shares sank 36% in the first quarter, their steepest drop since the fourth quarter of 2022 and third-biggest decline in the company’s 15 years on the public market. The drop wiped out $460 billion in market cap.

This post appeared first on NBC NEWS
You Might Also Like
  • Netflix says its ad tier now has 94 million monthly active users
  • Fed holds interest rates but keeps door open to a cut in coming months
  • McDonald’s reportedly temporarily shuts its U.S. corporate offices ahead of layoffs
  • Meme stock mania is back: Why everyone is talking about GameStop, AMC and more again
Share
0
FacebookTwitterPinterestWhatsapp

previous post
BSX Stock Slump? Discover This Winning Option Strategy
next post
United Airlines adds Thailand, Vietnam and Australia flights in latest expansion

You may also like

Prepare to flick off your incandescent bulbs for good under...

August 4, 2023

Supreme Court declines to hear case challenging FDA authority to...

October 12, 2023

Why the LA Rams are worth $2 billion more than...

September 6, 2024

Two plead guilty to insider trading related to Trump Media...

April 4, 2024

Trump moves to develop sovereign wealth fund to ‘create value...

February 4, 2025

CVS replaces CEO as profits, share price suffer

October 19, 2024

Mortgage demand shrinks as interest rates hit the highest level...

September 29, 2023

Elon Musk’s brain implant company Neuralink announces FDA approval of...

May 26, 2023

Markets are clamoring for the Fed to start cutting soon:...

August 2, 2024

AT&T, other phone companies sued over stolen nude images could...

July 30, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Find Highest Probability Counter-Trend Setups

      June 25, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025
    • Nvidia CEO Huang sells $15 million worth of stock, first sale of $873 million plan

      June 25, 2025
    • Shifting Tides in the Stock Market: A New Era for Bulls?

      June 24, 2025
    • How to Use Fibonacci Retracements to Spot Key Levels

      June 24, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,611 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,893 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,586 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,548 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,427 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,148)
    • Investing (538)
    • Stock (2,631)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Find Highest Probability Counter-Trend Setups

      June 25, 2025
    • Small-business AI use is lagging, but one firm is channeling...

      June 25, 2025
    • Nvidia CEO Huang sells $15 million worth of stock, first...

      June 25, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,148)
    • Investing (538)
    • Stock (2,631)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    With corners of the media industry...

    July 20, 2024

    Cruise CEO Kyle Vogt resigns from...

    November 22, 2023

    Hundreds of Alaska Airlines and United...

    January 10, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here