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New numbers released by Tesla have revealed a drop in global vehicle sales for the second quarter of 2025, marking the company’s most significant year-over-year dip in a single quarter.
Some shit you should know before you read: It’s safe to say Tesla is having a shitty year when it comes to sales. The company has now reported back-to-back quarterly declines in vehicle deliveries, with Q1 2025 already showing weakness and Q2 making it worse. Analysts attribute the slump to a mix of fierce competition and Elon Musk’s political rhetoric (which he toned back in the last two months). In the US, major automakers are closing the gap on Tesla’s dominance of the EV market, while foreign competitors, like BYD, have made it increasingly difficult for Tesla to compete. Internationally, Musk’s statements on X (including posts about EU policy and elections) have alienated a swath of European consumers and policymakers.
Getting into it: During an earnings update released this week, Tesla reported global electric vehicle (EV) deliveries of 384,122 units for Q2 2025, representing a 13.5% decline from the 443,956 vehicles delivered in the same quarter last year. The company also noted that production slightly outpaced deliveries, with 410,244 vehicles built in the quarter, closely matching Q2 2024’s output of 410,831 units.
Although deliveries fell sharply, the results landed above the lowest analyst projections, some of which anticipated figures in the mid-360,000s. Tesla attributed the soft performance to a variety of operational challenges, though it did not provide regional breakdowns in the official report.
Within the US, Tesla moved roughly 151,000 EVs in Q2 — a 9% dip compared to last year — but still well ahead of domestic rivals. General Motors reported just over 46,000 EV sales, marking a 111% year-over-year increase, while Ford moved around 16,000 units, a drop of 31%.
Despite the slip, Tesla maintains a dominant position in the US EV space, largely thanks to strong demand for the Model 3 and Model Y, which together made up 373,728 of the company’s global deliveries this quarter.
Investor’s reaction to the report was surprisingly positive, with Tesla’s stock closing up nearly 5% on Wednesday.
