Tesla has reported its second quarter 2025 production and delivery report on Wednesday. While the delivery numbers are down year-over-year (YoY), the automaker was able to increase deliveries quarter-over-quarter (QoW) and meet analyst expectations.
Tesla Q2 2025 Deliveries
‘According to Tesla, it delivered 384,122 vehicles globally during the three-month period from April to June, meeting Wall Street expectations of 385,000 deliveries. This was a notable 14% drop from the 443,956 units delivered during the same period last year, but a 14% increase from the first quarter of the year.
Breaking down the numbers further, Tesla delivered 373,728 Model 3 and Model Y units, giving the two vehicles the lion’s share of the automaker’s deliveries. This compares to 323,800 Model 3/Y deliveries in the first quarter.
Tesla’s “Other Models,” which include the Model S, Model X, Cybertruck, and Semi, accounted for just 10,394 deliveries. This unfortunately is down from the 12,881 deliveries in the first quarter, signaling continued demand issues for the Cybertruck and Tesla’s premium vehicles. The recent refresh of the Model S and Model X might help sales in Q3, but the refresh also came with a price increase.
Tesla Q2 2025 Production
Tesla’s quarterly production came in at 410,244 vehicles—an increase of nearly 50,000 over Q1—again driven largely by the Model 3 and Model Y lineup, which accounted for 396,835 of the vehicles built.
With Q2 production now in the books, Tesla is facing growing inventory. Production exceeded deliveries by over 26,000 units in Q2, continuing a trend from Q1 where production also exceeded deliveries by nearly 26,000 units, giving the automaker more than 52,000 units of inventory through the first six months of 2025.
Tesla Q2 2025 Energy
Continuing the trend of recent quarters, Tesla’s energy storage business—driven by products like the Powerwall and Megapack—continued to show strength, with deployments totaling 9.6 gigawatt-hours (GWh) in Q2. While slightly below the 10.4 GWh deployed in Q1, this remains roughly in line with performance a year ago, signaling consistent demand in the energy segment.
Tesla will release its full Q2 financial results after market close on July 23, 2025. Tesla (TSLA) shares are up nearly 5% in early-morning trading following the release of Tesla’s report.
