Tesla posted Q2 2025 results after the close on July 23, 2025. Before that call, the hard numbers were already public (July 2): 410,244 produced, 384,122 delivered, 9.6 GWh energy storage (Tesla IR).
Key facts investors had going in
- Model 3/Y: 396,835 produced, 373,728 delivered.
- Other models: 13,409 produced, 10,394 delivered (Cybertruck / S / X bucket).
- YoY deliveries: About −13% to −14% vs Q2 2024 (443,956 delivered a year earlier on Tesla’s later Q2 update table).
- Call: 4:30 p.m. CT webcast from IR.
What the call still had to answer
Margins, inventory discounting, Robotaxi spend after the June 22 Austin launch, and energy growth. A delivery print is not a P&L. Use the Q2 2025 Update PDF for Tesla’s own charts.
Analyst color: Wedbush preview.
FAQ
Did Tesla grow deliveries in Q2 2025?
No. Deliveries fell versus Q2 2024 on Tesla’s release.
Is 410k production a record?
It was roughly flat with Tesla’s own year-ago production print (~410k). Mix shifted toward 3/Y.
Owners should not confuse a delivery miss with a safety recall. Those are different Tesla emails.
