Tesla Model Y electric vehicles are collected from the Tesla Gigafactory Berlin-Brandenburg by a car transporter.
Tesla reported over 384,000 vehicle deliveries in the second quarter, a 14% decline from a year ago, and the second straight quarterly drop.
Shares rose 5%.
The electric vehicle maker reported 443,956 deliveries and production of 410,831 vehicles during the same period last year.
Here are the key numbers:
Total deliveries Q2 2025: 384,122 vehicles
Total production Q2 2025: 410,244 vehicles
Wall Street analysts were expecting Tesla to report deliveries of around 387,000 according to FactSet.
Deliveries in the first quarter of 2025 dropped 13% from a year earlier to 336,681. Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company's shareholder communications.
The electric vehicle maker, headquartered in Austin, Texas, doesn't break out sales and production by model or region. However, the company said that it produced 396,835 of its most popular Model 3 and Model Y cars, with 373,728 combined deliveries for these models in the second quarter.
Many investors had low expectations heading into the print. Deepwater Asset Management's Gene Munster said the report came 4% above the "whisper" number in a post to social media platform X. He expects the second-quarter decline to mark the bottom for Tesla.