Catenaa, Wednesday, April 02, 2025- Tesla reported well below first quarter global deliveries as demand issues hit the company amidst price concerns from tariff hikes.
For the quarter, Tesla reported 336,681 deliveries vs. 390,342 estimated, making it the worst quarter for deliveries since the second quarter of 2022.
“While the changeover of Model Y lines across all four of our factories led to the loss of several weeks of production in Q1, the ramp of the New Model Y continues to go well,” Tesla said in a statement. .
Tesla shares dropped nearly 1.25% in the early hours of trading on Wednesday.
Tesla also said it produced 362,615 units globally for the quarter and deployed 10.4 GWh of energy storage products, and would report first quarter earnings on Tuesday, April 22nd.
Tesla sales have been stalling across most of its global territories. Earlier this week, Tesla registration data in key European regions fell in March, another sign that sales are continuing to slide in one of its key markets as Tesla’s brand has also taken a hit due to the right-wing political activities of CEO Elon Musk.
In France, only 3,157 Tesla EVs were registered in the country, down 36.8% from a year ago, per official data. Norway saw only 2,211 registrations, down 63.9%. Sweden’s tally of 911 was only down 1%.
Tesla’s registrations are a close proxy for sales, which the company only reports quarterly and does not break out by region.
Also in Scandinavia, usually a stronghold of EV sales, Denmark’s Tesla registrations dropped to 593, down 65.6%, and the Netherlands saw 1,536, a drop of 61% compared to last year.
