Tesla sales and production slumped heavily in Q1 2025
- Tesla's first-quarter deliveries in 2024 fell 13 percent, impacting stock prices before market open on Wednesday.
- Analysts' estimates of 408,000 deliveries contrasted with the actual 336,681, revealing a significant miss for Tesla.
- Tesla's sales faced headwinds from an aging vehicle lineup and increased competition from rivals like BYD.
- Tesla delivered 336,681 vehicles, a notable decrease from the 386,810 units delivered during the previous year.
- Tesla faces pressures from backlash against Musk and increasing competition as BYD gains market share.
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Tesla faces an uphill struggle as it looks to grow its car business this year.PATRICK PLEUL/POOL/AFP via Getty ImagesTesla's first-quarter delivery report showed the EV giant's business is in trouble.Industry observers told BI what Tesla has to do to stay competitive.They said more models, advanced tech, and advertising could be the answer.Tesla just can't seem to catch a break.The company's stock has fallen amid a backlash against CEO Elon Musk…
Tesla reports largest sales drop in history with 13% plunge in Q1 2025 deliveries
Tesla’s sales took a significant hit in the first quarter of 2025, plunging 13% and marking the largest drop in deliveries in the company’s history, according to CNN. The electric vehicle (EV) maker reported delivering 336,681 vehicles, a sharp decline from 386,810 in the same period last year — a drop of 50,000 units. This marks Tesla’s worst sales performance in nearly three years. The decline in sales is attributed to a combination of factors…
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