EVWire brief: Tesla delivered 384,122 and produced 410,244 vehicles worldwide in Q2 2025, down 13% year-on-year, while production totalled 410,244 units. Energy-storage deployments hit 9.6 GWh, the company’s highest quarterly figure to date.
Production | Change vs Q2 2024 | Deliveries | Change vs Q2 2024 | |
---|---|---|---|---|
Model 3/Y | 396,835 | +2.65% | 373,728 | -11.52% |
Other Models | 13,409 | -44.7% | 10,394 | -51.77% |
TOTAL | 410,244 | -0.14% | 384,122 | -13.48% |
As for the first half of 2025, Tesla has produced 772,859 and delivered 720,803 electric vehicles.
Judging how the stock market reacted, it confirms the same as most analysts - they expected a lot worse (up +4.65% as I write this):
Now that the Model Y ramp-up is done and Model S and X got refreshed, Tesla should be up and running with all sales into the next quarter — we already see the M3/MY production capacity has actually managed to slightly surpass the one of last year (+2.65%).
Tesla has claimed, in its previous quarter earnings decks (and calls) that they remain on track to start the production of new vehicles, including the affordable vehicle, in the first half of 2025. We have not heard about these so far and we’re past the mid-year mark, so if not before, we will certainly hear about it on the earnings call on July 23rd.
Tesla also released their Energy figure: 9.6 GWh, which is again a record for the company and we will likely see more of this given the Megafactory Shanghai recently went online.
Here’s a graph from Tesla showing the true ramp-up of the Energy business:

Here’s the same seen from another angle:
Tesla deployed 9.6 GWh of energy storage in Q2 2025, their best Q2 ever.
— #Sawyer Merritt (#@SawyerMerritt)
1:15 PM • Jul 2, 2025
Tesla will release full Q2 financials after market close on 23 July 2025 and host its results call at 5:30 p.m. ET that day.
Source: Tesla investor relations
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