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8000 miles in a used Tesla Model 3: this is what we learned
8000 miles in a used Tesla Model 3: this is what we learned

Yahoo

time3 days ago

  • Automotive
  • Yahoo

8000 miles in a used Tesla Model 3: this is what we learned

Across the past decade, industry disruptor Tesla has been the global automotive success story. And much of that success has been spearheaded by the affordable Tesla Model 3, more than a million of which have found homes since 2017. But 'affordable' is a relative term, and a new one will still set you back just shy of £40k – or nearer £45k for the reassurance of a bigger battery Long Range model. As our 15 January used buying guide reported, those first cars are now being replaced, so the market is flooded with Model 3s – which is great news for buyers, with prices starting from just £12k. There's plenty to choose from, whether you want the standard 252bhp rear-wheel drive model or the loopy 444bhp dual-motor Performance. I decided that 346bhp (and 0-60mph in a shade over 4.0sec) was probably more than enough and a claimed 360-mile range suited me, so I opted for the Long Range AWD. My car has covered 37,771 miles and, being of 2021 vintage, got a heat pump as standard and was made in China (the timber on the dashboard and doors is the giveaway). Finished in my favourite colour scheme of Midnight Silver with black pleather interior and attractive silver multispoke 19in wheels, it would retail for around £25k-£28k through Tesla's Certified Pre-Owned (CPO) scheme, and I picked it up from the Gatwick branch in West Sussex. 'All CPO Teslas undergo a 200-point inspection that goes through all the vitals of the vehicle,' explained sales manager Kul Rajbansh, who ran me through all of the car's features, pointing out that the tyres on CPO cars must have at least 10,000 miles left on them at the point of sale and there are checks to the cosmetics, interior, battery and brakes. There's the odd scuff on the alloys, as you would expect of a four-year-old car, but it's otherwise very smart and has had a software upgrade to the latest operating system, along with Enhanced Autopilot (as on all CPO cars). Usefully, going through a main dealer also adds a year or 10,000 miles to the remaining term or mileage of the original four-year/50,000-mile warranty, including Europe-wide roadside assistance, which is not to be sniffed at. (The separate warranty for the battery and drive unit is unaffected, at eight years or 100,000 miles for a standard car and eight years or 120,000 miles for a Long Range or Performance.) If you're coming from an ICE car or even a relatively conventional EV, I would recommend getting someone like Kul to give you a guided tour of a Tesla, because even this four-year-old Model 3 has the kind of tech to make 50% of the new cars on the market feel outdated. A few weeks in, I'm still trying to get my head around all the things the car can do, both remotely via the phone app and inside, where everything bar wipers, indicators and gears is controlled by the huge, 15in touchscreen in the centre of the otherwise completely bare dash. As a fan of buttons, that alone has given me a bit of a headache, and at first, I felt the Tesla interface wasn't as intuitive as Apple CarPlay. I think that's just about what you're used to, and once you've linked everything to your phone (easily done via QR codes for key apps such as Spotify), it's pretty seamless, and the built-in Google Maps sat-nav is remarkably good at guessing a journey time. In truth, it doesn't take too long to realise that most of the car's design and technology is focused on making life as easy as possible. The single-pedal operation works superbly and it soon becomes a matter of pride never to need to use the friction brakes, and I was right to decide that the performance of the Long Range AWD would be more than adequate. Most of the time I leave it in Chill mode, because throttle response in Standard can be brutal in the wet; it's all too easy to light up the rear wheels. No wonder the Performance version gives supercars nightmares. The Model 3 is also vastly roomy, certainly more so than it looks from the outside, with the full-length tinted glass roof giving even more of an impression of space. Which means there's plenty left for the large elephant that follows me around wherever I go: the fact that, right now, for many people a Tesla is a fairly uncomfortable thing to drive in Britain. Tesla registrations across Europe dropped by 45% year on year in January 2025, when overall EV sales were up 37% in the same period, and I reckon a lot of that can be attributed to that gesture by figurehead Elon Musk. I'm sure some will dismiss this as me living in a London bubble, but I have friends who will refuse to go in a Tesla, let alone buy one. So it's very clever and more than a little controversial, but is the Model 3 any good as an actual car? Right now, I'm still trying to decide, because I find myself so bamboozled by its 'otherness'. But that makes me particularly intrigued for the months ahead, and I will try to come back with a definitive answer once I've got my head around it. Update 2 One of the reasons I went for a Dual Motor Long Range version of the Model 3 was to avoid the range anxiety that's a feature of life with most EVs. A claim of 360 miles sounded like more than enough, particularly because I don't do many long journeys. Of the 82kWh battery, only around 75kWh is usable, so that total sounded ambitious against the WLTP efficiency claim of 4.2mpkWh, yet I still found myself frustrated by my early economy. On motorway runs, the car was getting about 3.7mpkWh, but that was dropping in town, resulting in a disappointing average of 3.4mpkWh for the first thousand miles or so, meaning a 255-mile range. Decent but not as good as I had hoped for – not least because the Tesla consumes energy even when I'm not using it, which can take significant chunks from that total. I was shocked during my first week with it to find that the total had dropped by 7% overnight. I went straight to the forums, where it was suggested that I might have had Sentry mode on (a remarkable security system that monitors the car via its multiple cameras and wards off would-be thieves) and, if so, apparently that loss was about right. So now I only use it if I think the car might be at risk. The onboard diagnostics are great for researching losses. I've switched the powertrain from standard to Chill mode, which softens the throttle response and increases the severity of the regenerative braking (which has actually made it much nicer around town) and am trying to be stingier with the hugely effective climate control system. Tesla claims average battery degradation of 12% after 200,000 miles, and out of interest I asked for a check on my car to see how its batteries were getting on. I wasn't given any specific numbers but was reassured that it was in line with expected degradation, so I'd guess there should still be 72-73kWh left. Of course, after all of my stresses, the biggest change has been in the weather: as soon as spring came, things started to improve. That means I will be spending less time at Tesla Supercharger stations, which is both a blessing and a curse, because I've had to queue for some (my nearest, in Croydon, is particularly busy) but there's also a nice camaraderie among owners as we sit glued to our central screens while our totals gradually tick up. Update 3 A few days away on the Isle of Wight helping my best friend do some work to his parents' holiday home was a good opportunity to give the Model 3 a proper run on a mixture of roads. Among my pre-flight checks was topping up the windscreen washer fluid, which is under the bonnet and reminded me that the Model 3 has extra storage space up front that I hadn't used yet. Once this frunk is combined with the long, deep rear boot, it gives a hatchback-rivalling 425 litres of luggage room – which was plenty for our bags, painting gear and various DIY tools without having to resort to folding the rear seats. Our journey didn't start particularly well because we arrived in Portsmouth to discover that our 10pm Wightlink crossing had been cancelled. We had over an hour to wait for the next sailing, but that time was easily passed watching That Mitchell and Webb Look sketches on the Tesla's central screen and we were soon aboard the ferry. In my haste to get to the cafe, I couldn't work out which menu I needed to turn off the alarm (as instructed by warning signs on the car deck), but when the sensors detected movement as the ferry got under way, the car sent my phone a notification via the Tesla app and I was able to turn it off and feel smug as I listened to a chorus of beeping from everyone else's alarms. I'm not sure I saw another Tesla the whole time I was on the island, though there was a smattering of small 'commuter' EVs. Yet the Model 3 felt fairly at home: its compact dimensions are ideal for threading along the narrow roads and its cross-country pace is impressive, even if the inert steering means that it isn't a whole lot of fun, and rearward vision is restricted by the high tailgate. When reversing, I've tended to rely on the rear camera more than in any other car. Happily, the one thing I wasn't preoccupied with was range. Despite having established before departure that there were public charging options available to me on the island (albeit no Tesla Superchargers), the car managed the return trip and a few days on the island on a single charge. Update 4 Such is the advanced level of tech, and the lack of obvious wear and tear, that it's easy to forget my Model 3 is actually more than four years and 40,000 miles old. But there is the odd reminder, such as the fact that the wipers were rubbish and overdue for replacement. So I nipped to my local Euro Car Parts and grabbed a set of Valeo wipers – not cheap at £55 the pair – and fired up the Tesla app to check the 'Do it yourself' section, which has a useful guide to changing them. Handily, within the Service menu on the central screen is a button for 'Wiper service mode', which parks the wipers about a third of the way up the windscreen to make switching blades a doddle. The next bit of maintenance wasn't a DIY job. Since the car arrived, I have been disappointed by the ride quality: the primary ride is decent enough, if firm, but the secondary ride can be really niggly. It's sufficiently bad that it can make the car feel oddly skittish at speed – despite its heft, at 1919kg unladen. It seems to vary from car to car: some Model 3s I've ridden in (often Ubers) appear to ride more sweetly and it's definitely better with a load on board. But then my mechanic friend, Tim, spotted a potential reason. Although the tyres still had some life left in them (under Tesla's Certified Pre-Owned programme, all cars have at least 10,000 miles left on them at point of sale), they were dated May 2020, a year older than the car, and showing their age with cracks and crazes. That pointed to hard, unyielding rubber, which won't do much for the ride, and they were also really badly shouldered so it made sense to replace them. Interestingly, around the same time, Kwik Fit released research that suggested Teslas are harder on tyres than any other car in the UK. The Model 3 topped its table of cars that require replacement rubber at an above-average rate in 54 areas across Britain, the most of any car, with the Model Y coming third. I opted to take the car back to my supplying dealer, Tesla Centre Gatwick, but shop around and my car's 235/40 R19 Hankook Ventus S1 Evo 3s can be had for around £180 a corner, fitted. While I waited, I had a look at the latest Model 3 facelift in the dealership: aside from looking a bit sharper from the front (to my eyes the rear of the older car looks better), it's little changed from my four-year-old car, though my daughter would appreciate the new touchscreen panel in the rear. A couple of hours later and my decision to invest in new tyres was vindicated. The ride is still very firm but it feels more supple – and quieter – over small road imperfections, and I have more confidence in grip levels in the wet. Update 5 EVs are pretty much universally accepted as an ideal solution to the challenges of urban driving, but there remains a stigma around their suitability for long road trips. However, when we saw the cost of a sleeper train while investigating a 20th-wedding-anniversary long weekend to visit friends in Fort William, wife Emma and I decided to entrust our Tesla. The usual M25 tedium was dispatched fairly quickly, followed by a fairly swift run up the M40/M42 and then the joy of the clear, fast M6 Toll, where we were comfortably the slowest car, keeping just shy of 70mph to conserve energy. The dreadful tailbacks around Manchester were unpleasant, but once into the Lake District and beyond the roads were just glorious, their sweeping bends perfectly suiting the Model 3. Using the Tesla's sat-nav system on a journey such as this forces you to adapt your way of thinking: instead of the traditional ICE mindset of using a tankful of fuel and then refuelling, you set your desired charge level on arrival and it gives you 'splash and dash' stops to keep the charge topped up without forcing you to spend hours waiting each time. Usefully, these pauses tend to be timed perfectly for when you need a break – or in our case when our spaniel does (for which I can highly recommend Charnock services, where there's a pleasant dog walk beside the bank of Superchargers). We made an overnight stop in Lockerbie, just north of the border, where we encountered a Dutch Model 3 undertaking a far more ambitious journey than ours. Moving farther north, as we got into the breathtaking scenery and spectacular roads of the Highlands, it was impossible to resist switching the car's Dynamic mode from Chill to Standard to gain access to the outrageous full-bore acceleration that was able to dispatch the seemingly endless trains of motorhomes safely and with ease. The stretch through Glen Coe was magical as ever. It was just a shame that the driving experience wasn't more interactive, as the Model 3's lack of communication prevented it creating a proper bond with me. Nevertheless, it delivered us to Fort William refreshed and relaxed, and it did the same on the near-600-mile schlep home again, despite encountering terrible traffic on a sweltering bank holiday Monday. It's refined (bar quite a bit of road noise), comfortable in spite of the firm ride and relaxing, and it managed an impressive 3.9mpkWh despite the climate control being on for the majority of the trip. Above all, the trip was far easier than we expected, and a big part of that is thanks to Tesla's remarkable charging network. So many times in previous EVs I've arrived at chargers to find them all occupied, broken or reluctant to communicate with my car. But there are now more than 1800 ultra-rapid Tesla Supercharger stalls at 160-plus locations across the UK, which are fast, plentiful and cheaper than most rivals – and, in the case of the Fort William station, pretty scenic as you sit and charge in the shadow of Ben Nevis. Final update I will admit to having had reservations about Tesla, and in particular the company's owner, so it was hard not to embark on Model 3 ownership without some negative preconceptions. But it's fair to say the car has comprehensively won me over, even if I have a few lingering doubts over its parentage. After several months together, I've come to the conclusion that the Model 3 is an excellent appliance. If that sounds negative, it's not meant to: it inspires similar reliance and reverence as my unfailing Bosch dishwasher, 25-year-old Black & Decker Workmate and DeWalt drill, because it makes life easier. The technology is initially overwhelming but swiftly becomes something you rely on: get into another car and you find yourself wondering why you have to unlock the doors, turn on the ignition, adjust your seat or connect your devices – or even steer, accelerate and brake, should you use Tesla's Enhanced Autopilot system (I prefer to stick to adaptive cruise control, which at least leaves me with the sense that I have an influence over my own destiny). But the element of Tesla ownership that makes life easiest isn't the car at all: it's the supporting infrastructure. Tesla has ensured that its customers won't suffer the frustrations that most EV users do on a long journey by having more – and better – chargers than anyone else. There are now more than 1800 in the UK, and when you plan your route, the car's navigation system automatically tells you when and where to stop, with minimal disruption to your journey, as well as how long you will need to charge for and how much it will cost (usually less than from rival charging providers). When I got my Model 3, I asked whether a used Tesla would make the most of these advantages in the same way as a new one, both in terms of range and software integration. The answer is an emphatic yes. Initially, I wondered whether all of that wizardry was there to blind me to the Model 3's shortcomings, but in reality, they are relatively few. I can't help wishing it were the hatchback that its shape implies, but it's still eminently practical – aided by the rear seats dropping down (although the seatbelt warning chimes if you put a heavy load on the folded seatbacks). In addition to overall capacity, storage for everyday essentials is excellent: there's a deep well in the boot for charging cables and more, plus up front there are large cubbies for the essentials of family life. That said, the fact that you have to go into a sub-menu on the touchscreen to open the glovebox is infuriating. The technology in what is now a four-year-old car continues to be cutting-edge, aided by regular over-the-air software updates, that touchscreen impresses both with the insights it can give when you're driving and the entertainment available when you're not. I'd like to have had a head-up display, because the speed readout isn't easy to see at a glance, but otherwise the controls (both on board and in the Tesla phone app) are hard to fault and the climate control (with automatic heated seats and steering wheel) is intuitive and effective. It's telling that I've got this far without talking about what the Model 3 is like to drive, because it's hard to define. It's comfortable over long distances, despite a firm ride, and devastatingly rapid cross-country, with 346bhp of instant punch combined with a low centre of gravity, swift turn-in and plenty of grip. Yet it's difficult to forge any kind of emotional bond with, there being little in the way of feel and feedback through either the wheel or the seat. I've found that in most conditions, I barely scratch the surface of its performance, preferring to pop it in less aggressive Chill driving mode rather than seeking out opportunities to go for a blast as I might in, say, a BMW 3 Series. The range has improved as we have transitioned from late winter to mid-summer, and across a full year I'd expect better than my 3.8mpkWh average. If ultimate distance is your ambition, it might be worth tracking down a single-motor car; reader Fred Reschen reports that he gets 5mpkWh on longer journeys in his Long Range RWD. Fred has also been impressed by his car's build quality – something I'd had concerns about following warnings from bar-room pundits. In truth, my Model 3 has never looked or felt like a 'used' car: it feels as well screwed together as any other premium saloon. But it isn't a new car, and I spent more on maintenance – new tyres, new wipers and an MOT test (which it strolled through with no advisories) – than I did on charging, although that would balance out long term. The fact that there has been little deterioration in battery life is reassuring, and Tesla has now sold more than 250,000 cars in the UK, which means a healthy used buyer's market. Add in the fact that my car represents a saving of nearly 50% over its new equivalent – which, facelift aside, is essentially the same – and it's a compelling package. As for my feelings about Elon Musk, I guess I could always buy a bumper sticker… Used Tesla Model 3 specification Prices: List price new £49,935 List price now £49,990 Price as tested £28,000 Options: Enhanced Autopilot £3400, Midnight Silver metallic paint £1000, 19in silver sports wheels £1450 (prices all in 2021) Fuel consumption and range: Claimed economy 360 miles Battery 82/75kWh (total, usable) Test average 3.8mpkWh Test best 4.3mpkWh Test worst 3.4mpkWh Real-world range 285 miles Tech highlights: 0-62mph 4.2sec Top speed 145mph Engine Permanent magnet synchronous motor (r), asynchronous motor (f) Max power 346bhp Max torque 299lb ft Transmission 1-spd reduction gear, 4WD Boot capacity 425 litres Wheels 8.5Jx19in, alloy Tyres 235/40 R19 Kerb weight 1919kg Service and running costs: Contract hire rate £404pcm CO2 0g/km Service costs MOT test £54 Other costs Tyres £720, wipers £54.99 Fuel costs £489 Running costs inc fuel £1318 Cost per mile 19 pence Faults Tyre-pressure sensor failure]]>

Tesla Stock (TSLA) Faces New Trauma as European Sales Keep Sliding
Tesla Stock (TSLA) Faces New Trauma as European Sales Keep Sliding

Business Insider

time02-08-2025

  • Automotive
  • Business Insider

Tesla Stock (TSLA) Faces New Trauma as European Sales Keep Sliding

Shares in EV maker Tesla (TSLA) reversed today as it suffered another European sales slowdown. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to new official industry data, sales of the company's vehicles declined in France and Denmark for the seventh consecutive month. Nordic Nightmare Tesla, led by chief executive Elon Musk, registered 1,307 new cars in France last month, representing a 27% drop compared to July 2024. In Denmark, the decline was even steeper, with sales falling 52% to 336 vehicles. Model Y registrations specifically decreased by 49% in Denmark during July. Tesla's struggles extended to Sweden as well, where new car registrations plummeted 85.8% year-on-year to just 163 vehicles in July, based on data released today by Mobility Sweden. The figures were down 83.3% from June's total of 976 vehicles. In July, the Elon Musk-led company registered 117 Model Y units, 44 Model 3s, and one unit each of the Model S and Model X. This is despite Tesla currently offering a 40,000 SEK trade-in bonus for customers purchasing a Model Y or Model 3 from July 18 to August 15, and taking delivery by August 30. As can be seen below, the U.S. and China dominate Tesla sales, but Europe remains an important market. Tesla Ecosystem The news today builds on figures last week from the European Automobile Manufacturers' Association (ACEA), which revealed that Tesla sold 70,655 vehicles in the European Union in the first half of 2025. That was down 43.7% year over year. It continues a challenging year for Tesla whose sales worldwide have been hit by increased competition from rivals such as China's BYD (BYDDY), concerns over its design appeal, threats to EV subsidies in the U.S. and a hit to its brand reputation by Musk's on and very much off involvement with President Trump's administration. Not everyone is a Tesla doubter, however, with some analysts pointing to the overall strength of the Tesla ecosystem as a reason for optimism in the stock. Indeed, some see it as heading towards a staggering $10 trillion market value based on its innovations in human-like robots, self-driving and energy storage. Is TSLA a Good Stock to Buy Now? On TipRanks, TSLA has a Hold consensus based on 14 Buy, 15 Hold and 8 Sell ratings. Its highest price target is $500. TSLA stock's consensus price target is $310.84, implying a 0.83% upside.

Mark Zuckerberg is doing to AI datacentres what Elon Musk did to Tesla
Mark Zuckerberg is doing to AI datacentres what Elon Musk did to Tesla

Time of India

time17-07-2025

  • Business
  • Time of India

Mark Zuckerberg is doing to AI datacentres what Elon Musk did to Tesla

Source: Instagram/ Mark Zuckerberg Facebook's parent company, Meta , is reportedly constructing some of its new AI data centres inside tents. This move allows the social media giant to rapidly expand capacity at its existing data centre campuses. The strategy essentially mirrors an approach taken by Elon Musk's Tesla in 2018. At that time, Tesla built a new Model 3 assembly line in just two weeks within a large tent outside its main factory. This quick setup significantly increased the car's production, with the tented area reportedly contributing to 20% of all Model 3s produced that week. According to a report by Business Insider, a company spokesperson, while confirming the news, has emphasised that the entire "supercluster" facility isn't solely tent-based. This comes days after company CEO Mark Zuckerberg announced that the company will spend tens and millions of dollars for several multi-gigawatt superclusters to ramp up its compute power. What these tent-based data centres mean for Mark Zuckerberg's AI plans These structures will provide Meta the necessary push in quickly deploying additional AI computing power. Data centres contain complex and expensive equipment that requires precise temperature control to prevent overheating. Building parts of these facilities in tents suggests a prioritisation of speed over traditional construction methods, the report noted. According to SemiAnalysis (via Business Insider), Meta's embrace of this "speed above all else" data centre design is "inspired by xAI's unprecedented time-to-market." The report added that Meta is already building more such facilities, a development that will likely surprise traditional data centre and real estate investors. SemiAnalysis, however, highlighted the use of 'prefabricated power and cooling modules' and 'ultra-light structures' to prioritise speed. However, operating data centres in tents presents challenges, particularly regarding heat. Tents can get very hot, potentially forcing Meta to temporarily shut down workloads during peak summer temperatures. As per SemiAnalysis CEO Dylan Patel, while Meta will likely build permanent data centres in the long term, the company needs these facilities operational 'as soon as possible' in the short and medium term. He added that 'everyone is trying to build data centres as fast as possible in the race to achieve AGI,' and Meta is using tents to 'reduce construction bottlenecks' related to power, data center capacity, and construction crews. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Tesla's India Debut: From Paytm's Vijay Shekhar Sharma to GOQii's Vishal Gondal, the Entrepreneurs who dreamt of this day
Tesla's India Debut: From Paytm's Vijay Shekhar Sharma to GOQii's Vishal Gondal, the Entrepreneurs who dreamt of this day

Economic Times

time15-07-2025

  • Automotive
  • Economic Times

Tesla's India Debut: From Paytm's Vijay Shekhar Sharma to GOQii's Vishal Gondal, the Entrepreneurs who dreamt of this day

Synopsis Tesla makes its long-awaited India debut with its first showroom in Mumbai, fulfilling the dream of early backers like Paytm's Vijay Shekhar Sharma and GOQii's Vishal Gondal, who booked their Model 3s in 2016. While manufacturing isn't on the cards yet, Tesla aims to test the market amid renewed government support for EV imports. Agencies Tesla will open its first Indian showroom today at Maker Maxity Mall in Bandra Kurla Complex (BKC), Mumbai. From Paytm's founder Vijay Shekhar Sharma to GOQii's Vishal Gondal, a lot of enterpreneur's dream of owning a Tesla is set to become a reality today as the renowned electric vehicle maker is making its debut in India today. Sharma and Gondal were among few enterpreneurs who had placed $1,000 deposits back in 2016 to reserve the Tesla Model 3, well before the carmaker had any physical presence in India. As per an ET report of 2016, venture capitalist Mahesh Murthy and Voonik CEO Sujayath Ali too had booked the car then. That dream is now inching closer to reality, as Tesla opens its first Indian showroom today at Maker Maxity Mall in Bandra Kurla Complex (BKC), Mumbai, marking its official entry into the Indian market. Tesla teased its arrival last Friday via its India-focused X (formerly Twitter) handle, posting a cryptic 'Coming soon' along with a visual hint of its India operations launching in July 2025. While Tesla fans and industry watchers hoped for a manufacturing announcement, Union Minister for Heavy Industries H.D. Kumaraswamy clarified in June that the company currently has no plans to build cars in India. 'They want to sell their car in India. There is no further development about Tesla,' he said. Tesla's focus for now appears to be on importing and selling vehicles via showrooms, without setting up local production facilities. Still, earlier this year, Tesla began hiring in India, hinting at growing operational momentum. CEO Elon Musk has previously acknowledged India's potential, but he also highlighted the challenge posed by high import duties. The Indian government's recently announced EV policy, which offers reduced import tariffs and added incentives for global manufacturers, may have helped Tesla accelerate its entry. In April, Prime Minister Narendra Modi spoke with Musk over the phone to explore collaboration opportunities. The two had also met earlier this year during PM Modi's U.S. visit. With the launch of its Mumbai showroom, Tesla is taking its first tangible step into one of the world's fastest-growing automobile markets—while fulfilling the long-held dreams of India's early Tesla believers.

Tesla's Q2 Sales Drop Year-Over-Year With Surprising Silver Lining
Tesla's Q2 Sales Drop Year-Over-Year With Surprising Silver Lining

Miami Herald

time06-07-2025

  • Automotive
  • Miami Herald

Tesla's Q2 Sales Drop Year-Over-Year With Surprising Silver Lining

Tesla has reported that it delivered 384,122 vehicles during Q2, 2025, a 59,834-unit year-over-year decline. However, the company's stock jumped over 4% by afternoon, likely due to the slightly better-than-expected results. As previously reported, reputable analysts like Troy Teslike anticipated that Tesla would report 355,000 Q2 deliveries. FactSet provided one of the most accurate sales predictions at 387,000 units. Tesla produced over 410,000 vehicles during Q2, 396,835 of which were its Model Y and Model 3, with the remaining 13,409 units representing "other models." The automaker delivered 373,728 Model Ys and Model 3s, as well as 10,394 other models. In Q2 2024, Tesla produced 386,576 Model Ys and Model 3s and 24,255 other models, with 422,405 deliveries in the former category and 21,551 in the latter-implying the company drew from existing Model Y and Model 3 inventory. According to Electrek, international data indicates Model S and Model X sales were around 5,000 units during Q2, meaning that Tesla only delivered about 5,000 Cybertrucks. In 2023, Elon Musk outlined his expectations for Cybertruck sales: "I'd say a quarter million a year is a reasonable guess, and it might be 500,000, I don't know. We'll make as many as people want and can afford," InsideEVs reports. For comparison, Ford sold 5,842 units of its F-150 Lightning electric pickup in Q2. While these F-150 Lightning sales were 26% fewer than in Q2 2024, it shows the model is giving the Cybertruck plenty of competition. While Tesla won't be releasing its Q2 2025 financial results until after market close on Wednesday, July 23, whether the automaker can remain profitable this year remains in question. Tesla's Q1 finances received a $595 million boost from selling clean air credits to rivals whose vehicles exceeded pollution limits. The company earned almost $2.8 billion last year by selling these regulatory credits to other automakers, many of which are in California. Competitors who don't manufacture enough zero-emission vehicles face steep fines if they don't purchase regulatory credits from Tesla, but the Senate is working toward lowering these requirements, which would place increased financial pressure on Musk's company. Many expected Tesla to share news that it began producing a more affordable model at the end of June before it released its Q2 delivery numbers, but no such announcement arrived. Tesla's Chief Financial Officer, Vaibhav Taneja, said during the automaker's Q1 investors call: "We're still focused on bringing cheaper models to market soon. The start of production is still planned for June." While delivery numbers are key right now for Tesla, Musk has expressed a desire to invest more heavily in robotics and autonomous technology for the company's rideshare service, its upcoming Cybercab that will operate within its rideshare fleet, and passenger vehicles. In other words, delivery numbers may become less pertinent to Tesla's standing in the coming years as it branches further into robotics and self-driving. Copyright 2025 The Arena Group, Inc. All Rights Reserved.

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