Tesla Inc. – Mid-2025 Comprehensive Company Report (June 28th, 2025)
Tesla’s recent financial performance has been mixed. In the first quarter of 2025, the company reported a 71% year-over-year decline in net profit, with net income plunging to about $0.4 billion. This sharp drop was driven by lower vehicle deliveries and aggressive price cuts, which reduced average selling prices. Tesla produced ~362,600 vehicles and delivered ~336,700 in Q1 2025, down 16% and 13% year-on-year respectively. The company attributed part of the volume decline to retooling its factories to launch a refreshed Model Y across four global plants, as well as to softer demand in some regions.