Tesla Sales Drop 13% in Q1 Amid Market Challenges

Tesla’s global deliveries fell 13% in Q1 2025, with 336,681 vehicles sold, down from 387,000 in the same period last year.

Analysts had projected 408,000 deliveries, and Tesla’s stock has dropped nearly 50% since December.

Several factors contributed to the decline, including:

An aging vehicle lineup, with buyers delaying purchases ahead of an expected Model Y refresh.

Rising competition, particularly from BYD and other automakers gaining EV market share.

Backlash against Elon Musk’s political views, impacting consumer sentiment.

Tesla faces mounting pressure to revamp its lineup and boost demand, especially as the EV market evolves and buyers explore alternatives.

Tesla building security watching overhead as protesters dance on the street during a #TeslaTakedown protest in Seattle pic.twitter.com/FGMexOAIit

— Lindsey Wasson (@lindseywasson) March 29, 2025

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Tesla Sales Drop 13% in Q1 Amid Market Challenges was originally published on wbt.com