Tesla experienced its steepest drop in quarterly vehicle deliveries, down 13.5% year-over-year, delivering approximately 384,000 vehicles in the second quarter. Although this was below analysts' average estimates, it exceeded the lowest predictions. To return to growth, Tesla needs to deliver over a million vehicles in the latter half of 2025. This decline follows challenges from an assembly line overhaul, anti-Tesla sentiment, a slowing EV market, rising competition, and potential brand damage. Wall Street's overall response remains cautiously optimistic despite the delivery downturn.
Tesla delivered about 384,000 EVs in the second quarter, marking a 13.5% decrease from the 444,000 vehicles it delivered in the same period of 2024.
The decline means that Tesla would need to deliver over a million vehicles in the second half of 2025 to return to growth.
The electric automaker is facing multiple challenges, including a slowing EV environment, rising competition, the looming removal of consumer EV tax credits, and potential brand damage tied to Elon Musk's political stint.
On average, analysts expected 389,400 vehicles delivered in the second quarter... However, some forecasts, like RBC Capital Markets, were as low as 366,000.
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