Tesla produced 410,244 vehicles in Q2 2025, with 384,122 deliveries worldwide. While showing 14% quarterly growth, deliveries fell 13% year-over-year.
1. Production & Delivery Breakdown
Q1 2025 |
Production |
Deliveries |
Subject to operating lease accounting |
|---|---|---|---|
Model 3/Y |
345,454 |
323,800 |
4% |
Other Models |
17,161 |
12,881 |
7% |
Total |
362,615 |
336,681 |
4% |
Title
Q2 2025 |
Production |
Deliveries |
Subject to operating lease accounting |
|---|---|---|---|
Model 3/Y |
396,835 |
373,728 |
2% |
Other Models |
13,409 |
10,394 |
7% |
Total |
410,244 |
384,122 |
2% |
Category |
Q2 2025 |
QoQ Change |
YoY Change |
|---|---|---|---|
Total Production |
410,244 |
+13% |
~0% |
Model 3/Y |
396,835 (96.7%) |
+14% |
-12% |
Other Models* |
13,409 |
-19% |
-52% |
*Includes Cybertruck, Model S/X
2. Key Observations
Model 3/Y dominance: 97% of total deliveries
Premium models struggle: S/X/Cybertruck deliveries halved YoY
Lease ratio: Stable at 2% for Model 3/Y, 7% for premium models
Energy storage: 9.6GWh deployed this quarter
3. Market Response & Outlook
4% stock price increase despite YoY decline
Earnings call scheduled: July 23, 4:30 PM CT
-
Focus shifts to:
Refresh impact on Model S/X sales
Cybertruck production challenges
Margin pressures from ongoing price cuts
Note: Full financial results will reveal impacts from pricing, forex, and input costs.