Recently, Tesla released its Q2 2025 vehicle delivery data, reporting a delivery of 384,100 units, which is a decrease of approximately 13.5% compared to the same period in 2024. This marks the second consecutive quarter of year-over-year delivery declines for Tesla.
In the first half of 2025, Tesla delivered a total of 720,800 vehicles, a reduction of about 13.3% compared to 831,000 units in the same period last year. In the first half of 2025, Tesla’s sales in the Chinese market totaled 263,400 units, a decrease of about 5.4% compared to 278,300 units in the same period last year.
Among these, Tesla’s main models, the Model 3 and Model Y, delivered a combined total of 323,800 units in Q1, a 12% year-over-year decline, accounting for more than 95% of total sales. New models like the Cybertruck performed weakly in Q1, with only 12,800 units delivered.
Analysts point out that the decline in Tesla’s deliveries is mainly due to intensified competition, weak demand for its older electric vehicle models, and strong opposition to CEO Elon Musk’s political views.
Overall, in the first half of 2025, Tesla delivered 720,800 vehicles, a decrease of about 13.3% compared to 831,000 units in the same period last year.
However, after the delivery data was released, Tesla’s stock price rose nearly 5%, closing at $315.65 per share, with a market value increase of $48.1 billion (about ¥345 billion) overnight, bringing its total market value to $1.0167 trillion.
Market analysts believe this unusual performance is mainly due to two factors: Tesla’s actual Q2 delivery volume being better than Wall Street’s “worse-than-expected” forecast; and recent positive news, such as the launch of Tesla’s Robotaxi pilot project and the first successful delivery of fully autonomous driving, which has boosted investor confidence.
