00:00Tesla reported its first quarter deliveries of 2025 on Wednesday, and it was just short of 336,700 EVs.
00:08That's well below analyst expectations.
00:10Those numbers are 13% lower than the same period last year.
00:14And they're also the worst the company has seen since 2022.
00:17Tesla said the decline is due to changes in the production lines ahead of the new Model Y.
00:21Tesla sales in Germany and Australia both declined over 70% year-over-year in February.
00:27Tesla sales also recently declined in the U.S. and China, two key markets for the carmaker.
00:32Some think that the sales decline may partially be due to the growing boycott movement against Tesla.
00:37Ross Gerber, a longtime investor who recently turned bearish, said that the brand is broken and Cybertruck is basically not selling.
00:44Tesla has told investors that it expects its vehicle business to return to growth in 2025.
00:49And there's still some opportunity for it to do that.
00:51The EV giant is approaching a self-imposed June deadline for two major developments.
00:56The production of a sub-30k Tesla and the company's robo-taxi service launching in Austin.
01:01Only time will tell if Tesla will hit those marks.
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