Tesla's Vehicle Deliveries Drop Sharply
(MENAFN) US-based electric vehicle (EV) giant Tesla experienced a substantial 13.5 percent decrease in car deliveries during the second quarter of 2025, as per the company's latest figures released on Wednesday.
The total number of units delivered declined to 384,122, compared to 443,956 units during the same timeframe last year.
This marks the second consecutive quarterly decline in year-over-year deliveries for Tesla.
Alongside this, the company’s production numbers also dipped slightly, reaching 410,244 units, marginally down from 410,831 units produced in the second quarter of 2024.
Tesla's stock has suffered notably this year, falling roughly 26 percent by the close of trading on Tuesday.
This performance places the company at the bottom of the "Magnificent Seven" group of leading tech firms, and it has led to Tesla’s market valuation dropping below the USD1 trillion benchmark.
The EV leader is encountering intensifying rivalry, especially from Chinese electric car makers who are launching newer and more affordable alternatives.
This growing pressure has started to chip away at Tesla's market dominance.
Complicating matters further for Tesla, its CEO Elon Musk is currently dealing with political backlash.
A series of anti-Tesla demonstrations have damaged the automaker’s public image and are believed to be impacting consumer interest.
Musk was a major donor in the most recent US presidential election, backing President Donald Trump.
He also led the Trump administration’s initiative known as the Department of Government Efficiency (DOGE), aimed at scaling back the reach and authority of federal bodies, particularly those overseeing his companies. Musk's tenure with DOGE officially concluded in May.
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