Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop

Tesla reported around 384,000 vehicle deries in the second quarter, a 14% decline from a year ago and second straight quarterly decline

Tesla faces an onslaught of competition, especially from Chinese EV makers that sell newer and more affordable models, and political backlash against CEO Elon Musk

In this articleTSLA your favorite stocksCREATE FREE ACCOUNTwatch now4:2204:22Tesla reports 14% decline in vehicle deries, marking second straight year-over-year dropSquawk on the StreetTesla reported around 384,000 vehicle deries in the second quarter, a 14% decline from a year ago, and the second straight quarterly drop

The electric vehicle maker reported 443,956 deries and duction of 410,831 vehicles during the same period last year

Here are the key numbers:Total deries Q2 2025: 384,122 vehiclesTotal duction Q2 2025: 410,244 vehiclesWall Street analysts were expecting Tesla to report deries of around 387,000 according to FactSet

Deries are the closest apximation of vehicle sales reported by Tesla but are not precisely defined in the company's holder communications

The electric vehicle maker, headquartered in Austin, Texas, doesn't break out sales and duction by model or region

However, the company said that it duced 396,835 of its most Model 3 and Model Y cars, with 373,728 combined deries for these models in the second quarter

Many investors had low expectations heading into the

Gene Munster, managing partner at Deepwater Asset Management, said the report came 4% above the "whisper" number in a post on X

He expects the second-quarter decline to mark the bottom for Tesla

Tesla faces an onslaught of competition, especially from Chinese EV makers that sell newer and more affordable models

In the first quarter, Tesla partly blamed its declining automotive sales on customers who had delayed their orders so they could get a refreshed version of the Model Y SUV, which began shipping in March

There's also a political backlash against CEO Elon Musk, with waves of tests against Tesla weighing on the company's reputation and impacting sales

Musk was President Donald Trump's biggest financial backer in last year's election, and endorsed Germany's far-right, anti-immigrant party AfD

He led the Trump administration's Department of Government Efficiency, or DOGE, initiative to slash the size and capacity of federal agencies, including regulators tasked with oversight of his companies

Musk's formal role with DOGE in May

His relationship with Trump quickly began to sour and, over the weekend, Musk reignited the feud, slamming the multitrillion-dollar tax-and-spending package backed by the president, and calling for the creation of a third political party

Read more CNBC newsAI virtual personality YouTubers, or 'VTubers,' are earning millionsJeff Bezos sells $737 million worth of Amazon sTesla s drop on Musk, Trump feud ahead of Q2 deriesChipmakers get larger tax credits in Trump's 'big beautiful bill'Certain aspects of the bill could harm Tesla's solar and battery, and would ly lower EV sales by roughly 100,000 vehicles per year by 2035, according to think tank Energy Innovation

Meanwhile, Trump has threatened to potentially end other subsidies that benefit Musk's es, including Tesla and the aerospace and defense company SpaceX

Also in Wednesday's announcement, Tesla reported 10,394 deries of its other models during the second quarter, including its steel Cybertruck

The company also reported that it had duced 410,244 vehicles during the three months in June, including 396,835 of its most, and lower-priced, Model Y SUVs and Model 3 sedans

Tesla will discuss financial results for the second quarter with investors on July 23, after close. — CNBC's Samantha Subin contributed reporting