Tesla (TSLA) has released its Q4 2025 and full-year 2025 delivery and production results. The results confirmed that Tesla had its second consecutive full year of decline in electric vehicle deliveries.
And the decline is accelerating.
For a decade, Tesla had incredible growth in electric vehicle deliveries. In 2023, it peaked at 1.81 million vehicles delivered.
In 2024, with an aging lineup and more competition, especially in Europe, Tesla posted its first year-over-year decline, with 1.79 million vehicles.
After a rough start to 2025 with an even steeper drop in deliveries due to brand issues on top of even tougher competition, especially in Europe and China, it looked likely that Tesla would face another year-over-year decline in deliveries in 2025.
In fact, Tesla needed to report 571,324 vehicles delivered in Q4 2025 in order ot avoid a full-year decline.
As we reported earlier this week, Tesla did something unusual, and it released its own company-compiled analysis consensus publicly for Q4 deliveries, which stood at 422,850 deliveries, something it had never done before.
The consensus Tesla compiled from 20 analysts and shared publicly was much lower than other public consensus, which was in the 440,000 to 450,000 vehicle range.
Tesla Q4 2025 Delivery and Production Results
Today, Tesla released its Q4 2025 and full-year 2025 delivery and production results. Here are the results for Q4:
| Production | Deliveries | Subject to operating lease accounting | |
| Model 3/Y | 422,652 | 406,585 | 3% |
| Other Models | 11,706 | 11,642 | 5% |
| Total | 434,358 | 418,227 | 3% |
Tesla Full-Year 2025 Delivery and Production Results
Here are Tesla’s delivery and production results for the full year 2025:
| Production | Deliveries | ||
| Model 3/Y | 1,600,767 | 1,585,279 | |
| Other Models | 53,900 | 50,850 | |
| Total | 1,654,667 | 1,636,129 |
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