A Tesla automobile dealership stands in Manhattan, New York City, on June 5, 2025.
Spencer Platt | Getty Images
Tesla posted its vehicle deliveries and production report for the primary quarter of 2026, exhibiting a drop from the prior interval however gentle progress from a 12 months earlier. Tesla has recorded annual declines previously two years.
Here are the important thing numbers:
- Total Q1 vehicle deliveries: 358,023
- Total Q1 vehicle production: 408,386
Analysts have been anticipating 370,000 deliveries, in response to StreetAccount estimates, whereas a company-compiled consensus by Tesla, revealed on March 26, mentioned the typical estimate was for 365,645 deliveries within the first quarter.
Deliveries improved 6% from a year ago, when Tesla reported 336,681. The first quarter of 2025 marked a decline of 13% over the primary quarter of 2024. Tesla’s whole deliveries for 2025 fell to 1.64 million from 1.79 million in 2024.
Tesla’s entry-level Model 3 sedan and hottest Model Y SUVs accounted for 341,893 for the quarter, the corporate mentioned within the newest report. Deliveries are the closest approximation of gross sales reported by Elon Musk’s EV maker, however will not be exactly outlined within the firm’s shareholder communications.
While Musk has been refocusing the corporate to supply a driverless Cybercab and Optimus humanoid robots, Tesla has but to promote these merchandise and nonetheless depends on auto gross sales for the majority of its income. In January, Tesla announced it was ending production of its flagship Model S and X automobiles, and would use the manufacturing facility strains the place they have been assembled in Fremont, California, to construct Optimus robots.
The S and X had lengthy been in decline for Tesla. The 3 and Y accounted for 97% of the corporate’s deliveries final 12 months.
Musk mentioned in a publish on his social community X on Wednesday that orders of the S and X have “come to an end,” however some have been left in stock. “We will have an official ceremony to mark the ending of an era. I love those cars,” he added.
The angular, metal Cybertruck, which Tesla began delivering to prospects in late 2023, has not develop into a mainstream success. Tesla is poised to ramp up deliveries of its totally electrical Semi in 2026, a category 8 truck with a promised vary of 500 miles.
In its vitality enterprise, Tesla mentioned that it deployed 8.8 gigawatt hours of battery vitality storage methods within the first quarter, following a file of 14.2 gigawatt hours within the fourth quarter of 2025.
Tesla’s battery vitality storage merchandise embrace its Powerwall backup batteries for properties, and bigger Megapack and Megablock methods used alongside knowledge facilities and utilities.
Tesla shares dropped 15% within the first quarter, persevering with a development that began two years in the past. The inventory plunged from January by March in 2024 and 2025 however rose in each different quarter to finish the years greater.
Tesla’s 2025 vehicle gross sales stoop stemmed from elevated competitors throughout the globe, and a shopper backlash towards Musk in response to his politics. In addition to Musk’s monetary assist for President Donald Trump and his work for Trump’s second administration, the Tesla CEO has endorsed Germany’s anti-immigrant extremist occasion AfD, and anti-Islam activist Tommy Robinson within the UK, amongst others.
Tesla, and the broader U.S. EV market, was additionally damage by the tip of a $7,500 federal incentive for the acquisition of latest EVs in September.
But gross sales of used electrical automobiles have been on the rise for the reason that U.S. and Israel launched strikes towards Iran in late February, sparking a battle that is despatched oil costs hovering.
Iran has retaliated by concentrating on ships attempting to go by the Strait of Hormuz.
Tesla’s automotive gross margins and provide chain disruptions are more likely to be in focus when the corporate holds its first-quarter earnings name on April 22 at 5:30 p.m. ET.
