Tesla met lowered expectations. Sales fell 13.5% year over year, and estimates for the second quarter started out closer to half a million car sales at the start of 2025. Coming into Wednesday trading, Tesla stock had fallen for six consecutive days, losing 14% over the span.

Tesla reported a second consecutive quarterly decline in global vehicle deliveries, posing a significant challenge for the company to achieve its ambitious annual growth targets. In the second quarter, Tesla delivered 384,122 vehicles, representing a 13% decrease from the same period last year.

Tesla reported 384,122 vehicle deliveries in the second quarter of 2025, down 14% from the same period last year.