Tesla posted its fourth-quarter 2025 car manufacturing and deliveries report on Friday, marking a second annual decline for Elon Musk’s automaker. Shares closed 2.59% decrease on the day.
Listed here are the important thing numbers:
- Complete This fall deliveries: 418,227
- Complete This fall manufacturing: 434,358
- Complete 2025 deliveries: 1.64 million
- Complete 2025 manufacturing: 1.65 million
Wall Road anticipated 426,000 deliveries for the quarter, in response to estimates compiled by StreetAccount.
In a company-compiled consensus posted to its web site on Dec. 29, Tesla stated analysts it surveyed have been anticipating a 15% drop from a 12 months earlier to 422,850 autos.
Deliveries for This fall 2025 have been about 16% decrease than the fourth quarter of 2024, when Musk’s EV firm reported 495,570. This fall 2025 numbers for manufacturing have been down 5.5% from a 12 months in the past, when Tesla produced 459,445 autos.
For the total 12 months, Tesla’s deliveries fell 8.6% to 1.64 million from 1.79 million in 2024.
Tesla stated deliveries of its entry-level Mannequin 3 sedan and Mannequin Y SUV amounted to 406,585 within the fourth quarter, or about 97% of whole deliveries. Deliveries of its Mannequin S, Mannequin X and Cybertruck autos got here in at 11,642 through the quarter.
After its design debut, Tesla boasted about greater than 1 million reservations flooding in for the Cybertruck. The angular, metal pickup has but to be a greatest vendor for the corporate.
Musk’s aerospace and protection firm, SpaceX, reportedly bought tens of hundreds of thousands of {dollars} price of Cybertrucks in 2025.
Tesla faces heightened competitors within the electrical car market from China’s BYD, South Korea’s Kia and Hyundai, and Volkswagen in Europe, amongst others.
BYD topped Tesla because the world’s greatest vendor of EVs in a calendar 12 months, saying in a press release Thursday that gross sales grew 28% to 2.26 million items.
Deliveries are the closest approximation of gross sales reported by Tesla, however are usually not exactly outlined within the firm’s shareholder communications.
In its power enterprise, Tesla stated that it deployed 14.2 gigawatt hours of battery power storage merchandise within the fourth quarter, following a document within the prior interval, when it deployed 12.5 GWh.
Tesla’s battery power storage methods embrace backup batteries for properties and bigger methods used alongside information facilities and utilities.
Tesla will report its fourth-quarter monetary outcomes on Jan. 28.
Gross sales of Tesla’s vehicles have been impacted by President Donald Trump’s choice to finish a federal EV incentive by Sept. 30, sooner than beforehand deliberate. The expiration pulled some EV gross sales ahead to the third quarter for Tesla and different automakers.
Even earlier than that, the beginning of 2025 was a wrestle for Tesla.
After spending closely to propel Trump again to the White Home, Musk spent the primary quarter of the 12 months main the president’s DOGE initiative to slash the federal workforce.
Musk additionally endorsed Germany’s extremist anti-immigrant get together, AfD, and later supported British anti-Muslim and anti-immigration activist Tommy Robinson. In current weeks, Musk has referred to as to abolish the European Union.
Partly in response to Musk’s incendiary rhetoric, Tesla has confronted a permanent shopper backlash in Europe and the U.S. The corporate hasn’t totally recovered regardless of introducing a brand new, extra inexpensive model of its Mannequin Y SUV in October.
Nonetheless, Tesla shares nonetheless rallied within the second half of the 12 months, leaping 40% within the third quarter, reaching a recent document in mid-December. Musk purchased $1 billion price of shares in September.
Shareholders accepted a brand new $1 trillion pay plan for Musk in November that may give the CEO extra shares and elevated management over the corporate. The vote got here after Musk threatened to doubtlessly go away Tesla if the plan did not go.
Critics voiced issues that the plan would not require Musk to spend a minimal period of time on his Tesla work and that there are not any limits on his political exercise.
Whereas Tesla would not escape deliveries geographically, information from the European Car Producers’ Affiliation (ACEA) confirmed that the corporate misplaced market share within the area in 2025.
Tesla’s European registrations fell 39% within the first 11 months of 2025, whereas Chinese language rival BYD noticed registrations rise 240% in Europe. General, battery electrical autos have been extra broadly embraced in Europe in 2025, amounting to round 16% of all new autos offered there.
Some analysts venture that gross sales of Tesla’s extra inexpensive Mannequin Y normal, which the corporate launched in October, will assist the corporate regain floor in coming quarters.
In a observe final week, analysts at Cannacord Genuity wrote that EV adoption “is rising rapidly in rising markets equivalent to Thailand, Vietnam and Brazil, the place sturdy shopper curiosity may create significant long-term upside for Tesla, even because it faces fierce rivalry from Chinese language automakers.”
Apart from BYD, Tesla now faces competitors from different Chinese language EV makers together with Xiaomi and Geely.
However Tesla is promoting traders on Musk’s imaginative and prescient of the long run, or what he calls “sustainable abundance,” greater than EV gross sales. That imaginative and prescient consists of robotaxis, which Musk has promised for years, and humanoid robots, which he says will sometime be capable to function manufacturing facility staff, babysitters, crime stoppers and surgeons.
WATCH: Tesla must bend over backwards to maintain share worth up
