Tesla Q1 2025 delivery numbers came in below expectations, with the company delivering 336,681 vehicles. Analysts had predicted around 390,000. The shortfall was blamed on Model Y production changes, which disrupted output at all four factories.
Despite the miss, Tesla stock turned around and closed up over 5%. Traders saw the reaction as a typical case of “sell the rumor, buy the news.” The midday boost also followed a report from Politico, claiming Donald Trump told aides that Elon Musk might step back from public duties soon. The White House dismissed the story, calling it false and saying Musk will leave after his DOGE-related role ends.
Most deliveries in Q1 came from the Model 3 and Model Y, which totaled 323,800 units. High-end models like the Model S and X made up 12,881 deliveries. Production for the quarter reached 362,615 vehicles. Tesla said the Model Y refresh slowed manufacturing for several weeks, but the rollout of the new version is going well.
Reactions from analysts were split. Vital Knowledge said the Q1 delivery numbers were concerning, pointing to weak demand, growing competition, and backlash over Musk’s political behavior. Wedbush called it a crisis and urged Musk to shift focus back to Tesla. Others, like Canaccord, said it’s too early to measure long-term impact from recent events.
Tesla will release full financial results for Q1 on April 22.
