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Auto Blog
a day ago
- Automotive
- Auto Blog
Tesla's Q2 Sales Drop Year-Over-Year With Surprising Silver Lining
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Tesla outperforms analysts' worst Q2 predictions, but sees steep year-over-year decline 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. Tesla Model Y — Source: Getty Tesla faces challenges with its Cybertruck and clean air credit sales 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.' Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Tesla Model 3 — Source: Tesla Final thoughts 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. About the Author Cody Carlson View Profile
Miami Herald
a day ago
- 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.
Yahoo
4 days ago
- Automotive
- Yahoo
Tesla's Q2 Deliveries Were Not as Bad as Feared. Does That Mean You Should Buy TSLA Stock?
Tesla (TSLA) released its Q2 deliveries and production numbers on Wednesday, July 2. The deliveries, which closely approximate vehicle sales fell 13.5% year-over-year. The decline was higher than the 13% fall in Q1 and was the worst ever for the company. Tesla's Q2 deliveries came in at 384,122, which, while below the consensus estimate of 387,000, was better than what many were expecting. For instance, Troy Teslike, who claims to have an average error rate of just 3% in the preceding 12 quarters, put his final estimate at 356,000 on July 1. Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Wolfspeed Is Surging After Filing for Bankruptcy. Is It Too Late to Touch WOLF Stock Here? Is Microsoft Stock About to Go Nuclear? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! However, Tesla's deliveries were not as bad as many, including me, were expecting. That said, with Tesla facing tougher comps in Q3, the prospects of the Elon Musk-run company posting yearly growth in deliveries look quite bleak. This would mean a second straight year of yearly decline for the company whose CEO once touted a long-term delivery compound annual growth rate of 50%, a goal it has virtually abandoned. Tesla also looks set to lose its crown as the world's largest electric vehicle seller. Chinese rival BYD (BYDDY) sold over 300,000 more EVs in the first half despite the first quarter being seasonally weak in China, its biggest market. The gap might be too big for Tesla to fill in the back half of the year, especially as BYD's global sales continue to soar, coming in at a record high in all months this year. Tesla's Energy business, which Musk once claimed would be bigger than the automotive business, is also sagging. It deployed 9.6 GWh of energy storage products in the second quarter, which was slightly below the 10.4 GWh it deployed in the first quarter, even as it rose just over 2% on a yearly basis. The number peaked at 11 GWh in Q4 2024 and has since fallen for two consecutive quarters. Overall, with markets expecting much worse numbers from Tesla, the Q2 delivery numbers provided a sigh of relief, and TSLA stock rose nearly 5% on Wednesday. The next big event for Tesla is the upcoming Q2 earnings, where the company might update its 2025 delivery guidance and also provide an update on the long-awaited low-cost model, which is expected to drive sales. Meanwhile, amid the slowdown in the automotive business, Tesla (and analysts bullish on the company) have been instead fixated on other aspects of the business. These include autonomous driving and robotaxis in the short to medium term, and robotics over the long term. To its credit, Tesla did launch the robotaxi service in Austin on June 22. While it wasn't a perfect launch and videos showed the vehicles breaking traffic laws, inviting an investigation from the National Highway Traffic Safety Administration (NHTSA), it was nonetheless an incremental step forward for the company. President Donald Trump's policies were never expected to be pro-electric vehicles (EVs), and EV tax credits now officially seem on their way out. However, his administration previously relaxed crash reporting requirements, which were supportive of autonomous driving and robotaxis. That, however, was in a different era in which Musk was a close ally of Trump. The political stakes are particularly high for its autonomous driving business. For instance, shortly before Tesla's robotaxi launch in the state, Texas Governor Greg Abbott signed legislation that effectively gives the state arbitrary powers to revoke the permits of autonomous vehicle operators that are deemed a threat to public safety. Given the feud between Musk and Trump, it wouldn't be surprising to see the company's robotaxi operations – which it plans to expand significantly in the coming months – face greater regulatory scrutiny. Overall, there is still a lot of uncertainty surrounding Tesla, and while the stock could still be a long-term winner if autonomous driving and humanoid operations go as planned, for now, I will refrain from adding to my position in the stock. On the date of publication, Mohit Oberoi had a position in: TSLA. All information and data in this article is solely for informational purposes. This article was originally published on
Miami Herald
6 days ago
- Automotive
- Miami Herald
Elon Musk Won't Like Experts' Prediction on Tesla's Q2 Results
Visible Data Estimates has forecast that Tesla is set to report a 10% year-over-year decline in Q2 vehicle deliveries on Wednesday at around 400,000 units, down from 440,000 in 2024, according to EVXL. The stakes for Wednesday's results couldn't be higher with Tesla coming off its worst Q1 since 2022. This decline included a 13% drop in vehicle deliveries to 336,681 units year-over-year, and the company's stock fell 36%, erasing $460 billion in market value. Additionally, Tesla increased production from Q2 2024 by 5.7% to 434,000 vehicles. While Visible Data Estimates is predicting a 10% year-over-year decline for Tesla's Q2 deliveries, Bloomberg is anticipating a 12% drop to 391,000 units. FactSet is expecting a 13% decline to 387,000 vehicles, and Ryan Brinkman, Automotive Equity Research Analyst at J.P. Morgan, is betting on a 19% tumble to 360,000 deliveries. The lowest prediction came from Troy Teslike, an independent analyst with a positive track record for providing accurate Tesla tracking. Teslike revised his estimate to Tesla deliveries dropping 20% year-over-year for Q2 to 355,000. These forecasts represent a spread of 53,000 to 89,000 fewer delivered units, which would be the company's largest annual quarterly decline ever. Macroeconomic challenges and heightened competition are threatening Tesla's growth sustainability, potentially causing the automaker to downgrade from a global leader to a solid competitor within the expanding electric vehicle (EV) market. These macroeconomic factors include higher interest rates affecting Tesla's more premium offerings and the end of EV subsidies in European markets such as Germany and the United Kingdom. Chinese consumers are also favoring less expensive domestic rivals as the country's electric car price wars intensify. Still, China isn't the only place where Tesla competitors are gaining traction. Chevrolet became the fastest-growing domestic EV brand in the U.S. during Q1, and manufacturers like Rivian are releasing lower-cost models like the R2 during the first half of 2026, attracting interest with a $45,000 price point. On Friday, Tesla autonomously delivered its first new vehicle from the factory line to a customer's home, representing one of the two primary milestones it wanted to achieve before the end of Q2. During Tesla's Q4 2024 call in January, the company described its other major milestone: "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next-generation platform as well as aspects of our current platforms and will be produced on the same manufacturing lines as our current vehicle line-up," according to Teslarati. If Tesla stays on schedule to produce more affordable models, the announcement could help alleviate investor skepticism fueled by low delivery expectations, macroeconomic challenges, and intensifying competition. If forecasts are accurate, Tesla will be announcing its most significant year-over-year quarterly decline for vehicle deliveries in the company's history. While the fully autonomous delivery of a Tesla from factory to customer has caught attention, it is unlikely to impact the automaker's financial outlook as significantly as positive updates on affordable model production. However, the clock is ticking for Tesla to accomplish this second major milestone for the first half of 2025, as it reports its Q2 results on Wednesday. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Auto Blog
6 days ago
- Automotive
- Auto Blog
Elon Musk Won't Like Experts' Prediction on Tesla's Q2 Results
View post: I Drove the 2025 Mazda CX90 & 2025 Ford Explorer, Which One is Best? Here's My Brutally Honest Review View post: Walmart is selling a 'handy' $66 171-piece tool kit for just $30, and it has 'pretty much everything you need' Tesla investors are bracing for a rough Q2 results report Visible Data Estimates has forecast that Tesla is set to report a 10% year-over-year decline in Q2 vehicle deliveries on Wednesday at around 400,000 units, down from 440,000 in 2024, according to EVXL. The stakes for Wednesday's results couldn't be higher with Tesla coming off its worst Q1 since 2022. This decline included a 13% drop in vehicle deliveries to 336,681 units year-over-year, and the company's stock fell 36%, erasing $460 billion in market value. Additionally, Tesla increased production from Q2 2024 by 5.7% to 434,000 vehicles. 0:00 / 0:09 Tesla sales in Europe drop yet again Watch More While Visible Data Estimates is predicting a 10% year-over-year decline for Tesla's Q2 deliveries, Bloomberg is anticipating a 12% drop to 391,000 units. FactSet is expecting a 13% decline to 387,000 vehicles, and Ryan Brinkman, Automotive Equity Research Analyst at J.P. Morgan, is betting on a 19% tumble to 360,000 deliveries. The lowest prediction came from Troy Teslike, an independent analyst with a positive track record for providing accurate Tesla tracking. Teslike revised his estimate to Tesla deliveries dropping 20% year-over-year for Q2 to 355,000. These forecasts represent a spread of 53,000 to 89,000 fewer delivered units, which would be the company's largest annual quarterly decline ever. Tesla Delivery Center, California — Source: Getty Macroeconomic challenges and heightened competition are threatening Tesla's growth sustainability, potentially causing the automaker to downgrade from a global leader to a solid competitor within the expanding electric vehicle (EV) market. These macroeconomic factors include higher interest rates affecting Tesla's more premium offerings and the end of EV subsidies in European markets such as Germany and the United Kingdom. Chinese consumers are also favoring less expensive domestic rivals as the country's electric car price wars intensify. Still, China isn't the only place where Tesla competitors are gaining traction. Chevrolet became the fastest-growing domestic EV brand in the U.S. during Q1, and manufacturers like Rivian are releasing lower-cost models like the R2 during the first half of 2026, attracting interest with a $45,000 price point. Tesla may have one more big announcement before Q2 ends On Friday, Tesla autonomously delivered its first new vehicle from the factory line to a customer's home, representing one of the two primary milestones it wanted to achieve before the end of Q2. During Tesla's Q4 2024 call in January, the company described its other major milestone: 'Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next-generation platform as well as aspects of our current platforms and will be produced on the same manufacturing lines as our current vehicle line-up,' according to Teslarati. If Tesla stays on schedule to produce more affordable models, the announcement could help alleviate investor skepticism fueled by low delivery expectations, macroeconomic challenges, and intensifying competition. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. A Tesla supercharger is seen on May 10, 2025 in Buttonwillow, California. — Source: JayFinal thoughts If forecasts are accurate, Tesla will be announcing its most significant year-over-year quarterly decline for vehicle deliveries in the company's history. While the fully autonomous delivery of a Tesla from factory to customer has caught attention, it is unlikely to impact the automaker's financial outlook as significantly as positive updates on affordable model production. However, the clock is ticking for Tesla to accomplish this second major milestone for the first half of 2025, as it reports its Q2 results on Wednesday. About the Author Cody Carlson View Profile
