Tesla posted its car deliveries and production report for the primary quarter of 2026, exhibiting a drop from the prior interval however delicate progress from a 12 months earlier. Tesla has recorded annual declines previously two years.
Listed here are the important thing numbers:
- Whole Q1 car deliveries: 358,023
- Whole Q1 car manufacturing: 408,386
Analysts had been anticipating 370,000 deliveries, in accordance with StreetAccount estimates, whereas a company-compiled consensus by Tesla, printed on March 26, stated the common estimate was for 365,645 deliveries within the first quarter.
Shares of Elon Musk‘s EV maker sank 3% on Thursday.
Deliveries improved 6% from a year ago, when Tesla reported 336,681. The primary quarter of 2025 marked a decline of 13% over the primary quarter of 2024. Tesla’s whole deliveries for 2025 fell to 1.64 million from 1.79 million in 2024.
Tesla’s entry-level Mannequin 3 sedan and hottest Mannequin Y SUVs accounted for 341,893 for the quarter, the corporate stated within the newest report. Deliveries are the closest approximation of gross sales reported by Tesla, however should not exactly outlined within the firm’s shareholder communications.
Whereas Musk has been refocusing the corporate to provide a driverless Cybercab and Optimus humanoid robots, Tesla has but to promote these merchandise and nonetheless depends on auto gross sales for the majority of its income. In January, Tesla announced it was ending manufacturing of its flagship Mannequin S and X automobiles, and would use the manufacturing unit traces the place they had been assembled in Fremont, California, to construct Optimus robots.
The S and X had lengthy been in decline for Tesla. The three and Y accounted for 97% of the corporate’s deliveries final 12 months.
Musk stated in a submit on his social community X on Wednesday that orders of the S and X have “come to an finish,” however some had been left in stock. “We can have an official ceremony to mark the ending of an period. I really like these automobiles,” he added.
The angular, metal Cybertruck, which Tesla began delivering to clients in late 2023, has not develop into a mainstream success. Tesla is poised to ramp up deliveries of its absolutely electrical Semi in 2026, a category 8 truck with a promised vary of 500 miles.
In its power enterprise, Tesla stated that it deployed 8.8 gigawatt hours of battery power storage methods within the first quarter, following a document of 14.2 gigawatt hours within the fourth quarter of 2025. In Q1 of 2025 the corporate deployed 10.4 GWh of its power merchandise.
Tesla’s battery power storage merchandise embody its Powerwall backup batteries for houses, and bigger Megapack and Megablock methods used alongside knowledge facilities and utilities.
Tesla shares dropped 15% within the first quarter, persevering with a development that began two years in the past. The inventory plunged from January by March in 2024 and 2025 however rose in each different quarter to finish the years larger.
Tesla’s 2025 car gross sales hunch stemmed from elevated competitors throughout the globe, and a shopper backlash towards Musk in response to his politics. Along with Musk’s monetary help for President Donald Trump and his work for Trump’s second administration, the Tesla CEO has endorsed Germany’s anti-immigrant extremist celebration AfD, and anti-Islam activist Tommy Robinson within the UK, amongst others.
Tesla, and the broader U.S. EV market, was additionally damage by the tip of a $7,500 federal incentive for the acquisition of recent EVs in September.
However gross sales of used electrical automobiles have been on the rise for the reason that U.S. and Israel launched strikes towards Iran in late February, sparking a battle that is despatched oil costs hovering.
Iran has retaliated by concentrating on ships attempting to cross by the Strait of Hormuz.
Tesla’s automotive gross margins and provide chain disruptions are prone to be in focus when the corporate holds its first-quarter earnings name on April 22 at 5:30 p.m. ET.
Tesla year-to-date inventory chart.
