Tesla’s Q1 Deliveries Plunge 13% as EV Giant Hits Roadblock
Electric dreams hit a speed bump as Tesla’sTSLA quarterly deliveries skid off track. The EV goliath reported a troubling 336K vehicle deliveries in the first quarter of 2025, marking a 13% year-over-year decline. This troubling performance comes amid mounting challenges in Tesla’s key markets and growing political backlash against CEO Elon Musk’s government role.
- Wedbush analysts kept a bullish $550 price target, well above the $349 average, but the actual results proved even more concerning than their 355K to 365K estimate.
- Tesla’s stock suffered its worst quarterly performance since 2022, shedding over a third of its value amid worries about lagging sales, tariff uncertainty, and declining brand sentiment.
BYD’s shock intensifies: While Tesla struggles, Chinese rival BYDBYDDY is enjoying its rise, reporting a 60% surge in sales for Q1 2025. The Shenzhen-based manufacturer sold over 1M new-energy vehicles in the quarter while simultaneously surpassing Tesla’s superchargers with a battery charging technology that can add 250 miles of range in just five minutes. With Tesla’s China-made vehicle sales dropping 11.5% year-over-year in March to 79K units (compared to BYD’s impressive 371K new energy vehicles, up 23%), the road ahead is becoming increasingly difficult to navigate for the once-unassailable American EV maker.