Tesla Inc. (NASDAQ:TSLA) concluded 2025 with strong vehicle output and record energy storage deployments, but quarterly and full-year comparisons highlight slowing momentum, particularly in the automotive sector.

Strong Q4 Output, Misses Street Delivery Estimates

In the fourth quarter, Tesla produced 434,358 vehicles and delivered 418,227 vehicles, below the Visible Alpha delivery estimate of 434,487 units. Energy storage deployments reached a record 14.2 gigawatt-hours, underscoring continued growth beyond the core automotive business.

Deliveries were about 16% lower than the fourth quarter of 2024, when Tesla reported 495,570 deliveries. Production declined 5.5% year over year from 459,445 vehicles produced in the same period last year.

Also Read: Musk Says Tesla Model Y Is World’s Bestselling Vehicle Again In 2025, But Grok Disagrees

Model 3 and Model Y production totaled 422,652 vehicles, with 406,585 deliveries, about 3% subject to operating lease accounting. Other models contributed 11,706 vehicles produced and 11,642 deliveries, roughly 5% under lease accounting.

Full-Year Deliveries Slightly Below Estimates

For full-year 2025, Tesla produced 1.65 million vehicles and delivered approximately 1.64 million, narrowly missing the Visible Alpha estimate of ...