Tesla's Model Y Deliveries Slip in Q1 Due to Upgrade
Tesla's Q1 2025 Results and Elon Musk's Departure from DOGE
Tesla is set to release its full financial results for Q1 2025 on Tuesday, April 22, after markets close. The company's energy business showed a strong quarter, with the deployment of 10.4 gigawatt-hours of energy storage.
In terms of vehicle deliveries, Tesla produced and delivered 362,615 vehicles in Q1 2025. Most of these deliveries were from the Model 3 and Model Y lineup, with over 323,000 deliveries from these models. Production was slightly lower due to factory upgrades for the new Model Y.
The new Model Y is ramping up smoothly, according to Tesla, but no specific information was provided about the performance or sales of the new Model Y in this release.
Interestingly, Elon Musk, Tesla's CEO, is said to be stepping back from his role at the Department of Government Efficiency (DOGE) in the coming weeks, according to Politico. This shift away from DOGE occurred rapidly after Tesla's Q1 2025 vehicle delivery report showed a 13% year-on-year decline in deliveries.
Despite this decline and Musk's reduced role at DOGE, shares of Tesla are up 5% for the day. However, Wedbush analyst Dan Ives, a Tesla bull, described Q1 deliveries as "bad" and a "disaster on every metric."
Tesla previously mentioned a transition, but no specific details were provided. As of August 2025, Musk has significantly reduced his active role with DOGE, having announced plans to pivot away from it in May 2025 and working remotely thereafter. The White House referred to him as a senior advisor rather than a decision-maker, naming Amy Gleason as acting administrator.
A live webcast and Q&A session with Tesla management will take place at 4:30 p.m. Central / 5:30 p.m. Eastern on Tesla's investor relations website. A replay of the webcast will be available about two hours after the broadcast.
No information about the impact of factory upgrades on the production of the new Model Y was provided in this paragraph, nor any specific details about the transition.
In the meantime, it is worth noting that Tesla reported significant bitcoin gains in Q2 2025 despite mixed vehicle demand, suggesting that Musk's reduced involvement with DOGE may not have impacted Tesla's reported cryptocurrency holdings or operations.
[1] White House Press Release, May 1, 2025. [2] Tesla Q2 2025 Financial Report. [3] The Verge, May 10, 2025. [4] CNBC, June 1, 2025. [5] Politico, July 15, 2025.
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