Tesla posted first quarter deliveries of nearly 336,700 for Q1 2025, which is well below analysts' expectations. So is it time to worry? Business Insider's Ana Altchek breaks down the report.
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00:00Tesla reported its first quarter deliveries of 2025 on Wednesday, and it was just short of 336,700 EVs.
00:08That's well below analyst expectations.
00:10Those numbers are 13% lower than the same period last year.
00:14And they're also the worst the company has seen since 2022.
00:17Tesla said the decline is due to changes in the production lines ahead of the new Model Y.
00:21Tesla sales in Germany and Australia both declined over 70% year-over-year in February.
00:27Tesla sales also recently declined in the U.S. and China, two key markets for the carmaker.
00:32Some think that the sales decline may partially be due to the growing boycott movement against Tesla.
00:37Ross Gerber, a longtime investor who recently turned bearish, said that the brand is broken and Cybertruck is basically not selling.
00:44Tesla has told investors that it expects its vehicle business to return to growth in 2025.
00:49And there's still some opportunity for it to do that.
00:51The EV giant is approaching a self-imposed June deadline for two major developments.
00:56The production of a sub-30k Tesla and the company's robo-taxi service launching in Austin.
01:01Only time will tell if Tesla will hit those marks.