Elon Musk has stated that Tesla is experiencing a rebound in demand after facing a decline in sales. This comes despite recent statistics showing a 13% drop in global deliveries in Q1 2025 compared to the previous year. Musk attributed production challenges to a global retooling for the refreshed Model Y, which required factory shutdowns. While he believes this strategic timing will position Tesla for future growth, Q1 sales figures have yet to reflect any recovery, particularly showing declines in key markets like Europe and China.
As for Q1, we had a global factory changeover for the Model Y,
We've seen a major rebound in demand at this point,
It's the right time to retool factories for an upgraded car
Tesla's numbers continued to spiral in the red, especially in Europe
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