Tesla delivered 384,122 electric vehicles globally in the second quarter of 2025, representing a 13% decline from the 444,000 units delivered during the same period last year, the company reported on Tuesday.
The result narrowly missed Wall Street’s consensus estimate of 385,000 deliveries, which had already been lowered following a weaker-than-expected first quarter. Tesla’s production, however, rose to 410,000 vehicles, up from 362,000 in Q1, adding to the company’s growing inventory levels. The 25,000-unit gap between production and deliveries indicates that supply continued to outpace demand in Q2.
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Tesla did not attribute this quarter’s lower delivery figures to any specific production disruptions. In the previous quarter, the company cited a model changeover for the Model Y as a limiting factor. With production now fully ramped across global plants, the automaker’s inventory buildup raises fresh questions about consumer demand.
In addition to its vehicle business, Tesla deployed 9.6 GWh of energy storage products during the quarter. This figure is down from 10.4 GWh in Q1, but consistent with volumes from the same period last year.
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The delivery results underscore the challenges facing Tesla as it contends with increased competition in the electric vehicle sector and shifts in consumer sentiment, while continuing to scale production across its portfolio.
| 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% |