Tesla (TSLA) has launched its Q2 2025 manufacturing and supply outcomes this morning, confirming it delivered 384,122 electrical autos in the course of the second quarter.
In Q2 2024, Tesla delivered 444,000 electrical autos globally.
With Tesla affected by model harm and extra competitors, demand has slowed significantly. Tesla skilled a considerably underwhelming efficiency in Q1 2025, lacking expectations by a considerable margin.
Subsequently, as we reported yesterday, the consensus on Wall Road, based mostly on Tesla’s company-compiled consensus, was for Tesla to ship solely 385,000 autos in Q2 2025. That will signify a 13% year-over-year decline.
At this time, Tesla launched its manufacturing and supply report for Q2 2025, and it confirmed that it delivered 384,122 electrical autos in the course of the quarter:
| Manufacturing | Deliveries | Topic to working lease accounting | |
| Mannequin 3/Y | 396,835 | 373,728 | 2% |
| Different Fashions | 13,409 | 10,394 | 7% |
| Whole | 410,244 | 384,122 | 2% |
In Q1, Tesla’s excuse was that the Mannequin Y changeover restricted manufacturing and consequently deliveries, regardless that this may very well be disproven by the truth that Tesla overproduced vehicles by roughly 30,000 items in Q1.
Regardless, Tesla doesn’t have this excuse within the second quarter as manufacturing for the brand new Mannequin Y ramped up in any respect factories and the automaker began to build up stock.
We are able to now see that within the manufacturing numbers coming in at 410,000 items – manner up from 362,000 items in Q1.
Nonetheless, Tesla is once more considerably including to stock with manufacturing coming in at about 25,000 items over deliveries.
Tesla additionally confirmed having deployed 9.6 GWh of vitality storage merchandise – down from 10.4 GWh final quarter and in step with deployment throughout the identical interval final yr.
Electrek’s Take
Tesla delivered proper on Wall Road expectations, which is larger than I anticipated. We already knew just about precisely what number of autos Tesla deliveries in Europe and China.
The US is the one massive market that’s opaque and this may level to Tesla overperforming right here, which is stunning contemplating the stock ranges that we noticed on the finish of the quarter.
It’s nonetheless a 13% drop in deliveries year-over-year and there’s nothing to have a good time right here.
Tesla has now produced 50,000 extra autos than it delivered up to now this yr amid an enormous demand stoop.
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