Tesla (TSLA) Q4 2025 vehicle deliveries report

Tesla announced its vehicle for the fourth quarter of 2025 production and deliveries Report on Friday. Shares rose nearly 1% after the numbers were released.

Here are the important numbers:

• Total 4th quarter deliveries: 418,227
• Total 4th quarter production: 434,358
• Total 2025 deliveries: 1.64 million
• Total 2025 production: 1.65 million

Wall Street was expecting 426,000 deliveries this quarter, according to estimates compiled by StreetAccount.

One compiled by company Tesla said analysts surveyed expected it to fall to 422,850, a 15% year-over-year decline, according to a consensus published on its website on Dec. 29. tools for a quarter.

Deliveries for the fourth quarter of 2025 were about 16% lower than the fourth quarter of 2024, when Elon Musk’s EV company reported 495,570 units. Production figures for the 4th quarter of 2025 were down 5.5% from a year ago, when Tesla produced 459,445 vehicles.

Tesla faces increasing competition in the electric vehicle market from China’s BYD, South Korea’s Kia and Hyundai, and Europe’s Volkswagen.

Deliveries are the closest approximation to sales reported by Tesla but are not precisely defined in the company’s shareholder communications.

For the full year, Tesla’s deliveries fell 8.6% to 1.64 million from 1.79 million in 2024. This is the second consecutive annual decline.

In its energy business, Tesla said it deployed 14.2 gigawatt hours of battery energy storage products in the fourth quarter, following a record deployment of 12.5 GWh in the previous period.

Tesla’s battery energy storage systems include backup batteries for homes and larger systems used alongside data centers and utilities.

Tesla will announce its fourth-quarter financial results on January 28.

Sales of Tesla’s cars were affected by President Donald Trump’s decision to end the federal EV incentive by Sept. 30, earlier than previously planned. The expiration date has caused some EV sales for Tesla and other automakers to be delayed until the third quarter.

Even before that, the start of 2025 was a struggle for Tesla.

After spending heavily to get Trump back to the White House, Musk spent the first quarter of the year leading the president’s DOGE initiative to cut the federal workforce.

Musk also supported Germany’s extreme anti-immigrant party AfD, and later supported British anti-Muslim and anti-immigrant activist Tommy Robinson. Musk has called for the dissolution of the European Union in recent weeks.

Partly in response to Musk’s incendiary rhetoric, Tesla has faced persistent backlash from consumers in Europe and the US. Although the company launched a new, more affordable version of its Model Y SUV in October, it hasn’t fully recovered.

But Tesla shares still rebounded in the second half of the year, rising 40% in the third quarter and reaching a new record in mid-December. Musk bought $1 billion worth of shares in September.

Shareholders approved a new $1 trillion pay plan for Musk in November that would give the CEO more shares and increase control over the company. The vote came after Musk threatened to potentially abandon Tesla if the plan did not pass.

Critics have expressed concern that the plan does not require Musk to spend a minimum amount of time on Tesla work and that there are no limits on his political activities.

Although Tesla did not distribute deliveries geographically, data from the European Automobile Manufacturers Association (ACEA) showed that the company was losing market share in the region in 2025.

While Tesla’s registrations in Europe fell by 39% in the first 11 months of 2025, Chinese rival BYD’s registrations in Europe increased by 240%. Overall, battery electric vehicles will be more widely adopted in Europe by 2025; This accounts for approximately 16% of all new vehicles sold there.

Some analysts predict that sales of Tesla’s more affordable Model Y standard, which the company launched in October, will help the company recover in coming quarters.

In a note last week, analysts at Cannacord Genuity wrote that EV adoption is “growing rapidly in emerging markets like Thailand, Vietnam and Brazil, where strong consumer interest could create a meaningful long-term upside for Tesla despite facing fierce competition from Chinese automakers.”

Besides BYD, Tesla now faces competition from Xiaomi and other Chinese EV manufacturers. Geely.

But Tesla is selling investors more than EV sales based on Musk’s vision of the future, or what he calls “sustainable abundance.” That vision includes robotaxis, which Musk has been promising for years, and humanoid robots that he says could one day serve as factory workers, babysitters, crime stoppers and surgeons.

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