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Charted: Tesla’s 2025 Sales Slump
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Tesla’s sales tumbled 13% in the first quarter of 2025, marking the company’s lowest quarterly sales figures since 2022.
The electric vehicle giant delivered nearly 337,000 vehicles in the first three months of the year, down from 495,570 in the previous quarter—a 32% decline. Compared to the same period in 2024, when Tesla sold 387,000 vehicles, the company’s year-over-year sales drop stands at 13%.
| Period | Sales |
|---|---|
| Q1 2025 | 336,681 |
| Q4 2024 | 495,570 |
| Q3 2024 | 462,890 |
| Q2 2024 | 443,956 |
| Q1 2024 | 386,810 |
| Q4 2023 | 484,507 |
| Q3 2023 | 435,059 |
| Q2 2023 | 466,140 |
| Q1 2023 | 422,875 |
| Q4 2022 | 405,278 |
| Q3 2022 | 343,830 |
| Q2 2022 | 254,695 |
| Q1 2022 | 310,048 |
Key Factors Behind the Decline
Several factors contributed to Tesla’s disappointing sales performance in Q1 2025:
1. Backlash Over Elon Musk’s Political Ties
Tesla’s sales slump comes amid growing controversy over CEO Elon Musk’s involvement in U.S. politics. Musk, the world’s richest man, contributed $260 million to help Donald Trump’s re-election campaign, a move that has sparked significant backlash among Tesla customers. Some Tesla owners have traded in their vehicles, unwilling to be associated with Musk, while reports of vandalism targeting Tesla cars have surfaced.
2. Intensifying Competition from Chinese EV Makers
Tesla is also facing mounting pressure from Chinese automaker BYD, which has aggressively expanded its market share in recent years. Chinese EV companies have been gaining ground, offering high-quality vehicles at competitive prices, eroding Tesla’s dominance in key markets like China and Europe.
3. Transition to a New Model Y
Tesla has attributed part of its sales decline to the transition to a new version of its best-selling vehicle, the Model Y. The Model Y was once the world’s top-selling car, but the company’s shift to a revamped version has impacted deliveries during the transition period.
Investor Reactions and Stock Market Performance
Despite Tesla’s worst quarterly sales figures since 2022, investors reacted positively to reports suggesting that Musk may soon step back from his role as a top adviser to Donald Trump. According to Politico, Trump has privately indicated that Musk will return to focusing on Tesla and his other business ventures in the coming weeks.
Following the report, Tesla’s stock surged as much as 5.9%.
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