Tesla reported a sharp decline in deliveries from January to March, with nearly 50,000 fewer deliveries in Q1 2025 compared to Q1 2024.
This represents the largest sales decrease in the company's two-decade history.
Factors contributing to the decline include production and delivery challenges, the introduction of steep US tariffs, shrinking demand overseas, and controversies surrounding CEO Elon Musk.
The full impact on Tesla's balance sheet is yet to be determined, with the possibility of revenue being less impacted than the delivery numbers suggest.