Tesla's report for Q1 2025 indicates a continuing downward trend in production and sales, with the company producing 362,615 vehicles, marking a 16.3% decline from Q1 2024. Sales figures reflect a drop of 12.9%, with 336,681 EVs delivered. The majority of production involved the Models 3 and Y, both of which saw substantial declines in sales. In contrast, Tesla's energy storage segment saw a slight uptick in deployment, although it remains a small part of total revenue, which heavily relies on automotive sales.
Tesla's production and sales continue to decline in Q1 2025, with production dropping by 16.3 percent compared to the same period in 2024.
Despite a refresh for the Model Y, sales decreased by 12.4 percent year-over-year, indicating challenges in maintaining market momentum.
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