Analysts had expected Tesla to deliver at least 370,000 cars in the first quarter of 2025. That is far from the case, the car brand's financial statements reveal.
Tesla has published figures from its first quarter financial statements, and the number of cars delivered is lower than market expectations indicated.
In total, Tesla delivered 336,681 cars to customers globally in the first three months of the year. This figure should be seen in light of the fact that analysts had predicted deliveries in the range of 360,000 to 370,000 cars.
The result is therefore below the estimates. Compared to the same period last year, it represents a decrease.
In the first quarter of the year, 386,810 electric cars were delivered, which means that the current delivery volume is 13 percent lower.
It is also the lowest number of cars delivered in a quarter for Tesla since 2022. That is, a full 3 years ago.
The worst period in 3 years for Tesla
A notable aspect of the quarterly report is the difference between production and delivery.
Tesla produced a total of 362,615 cars in the quarter. With only 336,681 delivered, this means that around 26,000 cars produced have not yet reached buyers and are therefore included in inventory.
The imbalance between production and sales has led to reactions on the stock market. Several analysts are now more skeptical in their assessment of Tesla shares, and there is a risk of significant price declines.
After the figures were published, the stock also fell by approximately two percent.
Tesla has provided an explanation for the lower production figures, which are affecting deliveries.
– Although the shift of Model Y lines across all four of our factories resulted in the loss of several weeks of production in the first quarter, the production ramp-up for the new Model Y continues to progress well.
– Thank you to all our customers, employees, suppliers, shareholders and supporters who helped us achieve these results.
In addition to the aforementioned production line changes for Model Y, other factors, including protests at certain facilities, are also cited as contributing factors to Tesla's overall performance in the quarter.
The reduced deliveries break with the growth trend that has characterized the electric car manufacturer in previous periods.
