Tesla sales and production slumped heavily in Q1 2025
The numbers are going the wrong way for a company valued on continuing growth.
Tesla posted its production and sales numbers for the first quarter of 2025 this morning, and they continue the bad news streak for the electric automaker. Tesla produced 362,615 vehicles in total between January and the end of March, a 16.3 percent decrease from the same period in 2024.
The drop in sales was a little less bad; unlike this time last year, Tesla was able to more closely match production with demand. As a result, the company delivered 336,681 EVs in Q1, a drop of 12.9 percent compared to Q1 2024.
The Models 3 and Y make up the vast majority of Tesla's business—it built 345,454 of them in Q1 2025, a 16.2 percent reduction compared to the same period last year. Despite a recent refresh for the Model Y, which comprised the majority of these two EVs, sales declined by 12.4 percent year-over-year, with just 323,800 being sold, compared to 386,810 for Q1 2024.
