Part 3/8:
Year-on-Year Comparisons
In comparing data from the previous year, Q1 2024 recorded production of 412,000 vehicles and deliveries of 370,000 for the popular Model 3 and Model Y. The significant drop in production and deliveries year-on-year—especially in the burgeoning Cybertruck market—signals a troubling trend for Tesla.
The fourth quarter of 2024 further demonstrates this decline, where the production numbers stood at 436,000 with 472,000 deliveries, indicating a strong finish to the year. However, in looking specifically at the "other" category for these same quarters, the delivery numbers dropped from 23,640 in Q4 2024 to under 13,000 in Q1 2025, revealing a loss of over 10,000 deliveries.