Tesla has announced its latest sales figures, revealing a 13 percent slump in vehicle sales.
Tesla witnessed a 13 percent slump in vehicle sales in the first three months of 2025.
The electric vehicle company has actually experienced its worst quarter since 2022, with an industry expert noting that the latest figures are “worse” than had been expected.
Matt Britzman, a senior equity analyst at Hargreaves Lansdown, the British financial services company, said: “The scale is worse than many had expected.
“There’s no way to sugarcoat it, Tesla’s first-quarter delivery numbers are a disappointment, though many investors were already preparing for a soft number.”
In recent months, it’s been widely suggested that Elon Musk’s involvement in US politics has damaged the Tesla brand. But Britzman insists that Tesla’s issues extend far beyond Musk’s public image.
The industry expert explained: “Headlines will point to branding issues, and it’d be naive to assume that’s not a factor here, but it misses the key point.
“Deliveries have been significantly impacted by downtime at factories as Tesla launched the long-awaited refreshed version of the Model Y, its best-selling car.”
Tesla has also cited major supply disruptions as the reason behind the company’s recent sales slump.
The firm – which has also seen a dramatic fall in its share price in recent weeks – said in a statement: “While the changeover of Model Y lines across all four of our factories led to the loss of several weeks of production in Q1, the ramp of the new Model Y continues to go well.
“Thank you to all our customers, employees, suppliers, shareholders and supporters who helped us achieve these results.”
Tesla sees sales slump in Q1 of 2025
