Tesla Q1 2025: Lower Deliveries – Has the Low Point Been Reached?

Tesla has released its Q1 2025 figures – and despite a slight decline, some signs suggest that the company may have left the low point behind. With a total of 336,681 vehicles delivered in the first quarter of 2025 and a production of 362,615 units, Tesla recorded the weakest sales in almost three years, which is below analysts' expectations. Nevertheless, there are also positive aspects that indicate a recovery.

Comparison of Delivery Numbers

Compared to Q1 2024, in which Tesla delivered 386,810 vehicles, the decline is about 13%. The figures of Model 3 and Model Y play a significant role in this:

Model 3/Y: 323,800 deliveries in Q1 2025 compared to 386,810 in total (with a decline of about 31% compared to the previous quarter in some segments).
Other Models: Cybertruck, Model S, and Model X together reached 12,881 deliveries, which is a decline of about 45% compared to the previous quarter.

Production and Transition to the New Model Y

Production numbers have also decreased: 362,615 vehicles were produced, compared to 433,371 units in the previous year. Tesla attributes this decline mainly to the transition of production lines to the new Model Y. The restructuring in all four Gigafactories resulted in the loss of several production weeks – a short-term setback, but considered a necessary step for long-term success. Despite the current challenges, Tesla emphasizes that the ramp-up of the new Model Y is "going well".

Challenges with the Cybertruck

Particular attention is on the Cybertruck, whose sales figures are significantly behind expectations. Tesla had originally forecasted selling over 250,000 units annually, but in Q1 2025, only about 5,000 to 6,000 Cybertrucks were delivered according to estimates. Reasons for this could be a high price, the absence of the RWD version, and the polarizing design. On a positive note, the development of the single motor variant of the Cybertruck is progressing – the entry price is expected to be around 60,000 US dollars.

Outlook and Q1 Company Update

Despite the current numbers, optimism and perspectives are present. Tesla is already preparing for the next step: The planned introduction of the unsupervised Robotaxi service in June and the launch of a more affordable mass-market model this year point to ambitious future developments. Tesla will live stream its comprehensive Q1 Company Update on April 22 at 2:30 PM PT / 5:30 PM ET, where more details about the current challenges and future prospects will be revealed.

Conclusion

Even if the Q1 2025 numbers are below expectations, this could only be a temporary low point. The production shift and strategic realignment, especially in the area of the new Model Y and Cybertruck, provide a solid foundation for future growth. Tesla remains innovative and is focusing on long-term optimization – a development that suggests the low point may soon be behind us.