Tesla announced on Wednesday that its first-quarter deliveries were 13% lower than a year ago as the company faces a barrage of protests and attacks over CEO Elon Musk‘s work with the Trump administration.
The company reported 336,681 vehicle deliveries in the first quarter of 2025, down from the 386,810 deliveries it reported in the first quarter of 2024. The sales figures were Tesla’s worst in three years, and the 13% drop is the steepest decline in the company’s history.
The release also showed the company’s production was down year-to-year, with 362,615 vehicles produced in the first quarter of 2025 compared to 433,371 vehicles produced in the first quarter of 2024.
Tesla blamed the lower production figures on “the changeover of Model Y lines across all four of our factories,” which they claim led to the “loss of several weeks of production” during the quarter. The company added in a press release that the “ramp of the New Model Y continues to go well.”
While the company’s stock opened the trading day Wednesday below where it closed on Tuesday, dropping over 6% at one point, it was trading more than 5% higher than its Tuesday close by midday Wednesday. The stock has been trading down roughly 30% since the start of the year.
Musk’s work in the White House helming DOGE efforts to cut the size of the federal government and his injection of funds into various GOP candidates have led to widespread backlash from Democratic politicians and their supporters. Tesla, one of Musk’s companies, has been negatively affected by protests against the CEO’s foray into the political world.
Tesla’s stock performance since Musk took on the advisory role in the White House has prompted the head of New York City’s pension fund to threaten a shareholder lawsuit alleging that Musk has been hurting the stock’s value.
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Protests, vandalism, and violent attacks have affected Tesla dealerships and customers since Musk started working alongside President Donald Trump earlier this year.
A “Tesla Takedown Global Day of Action” was held last month by anti-Musk demonstrators, while some attacks on the company and its vehicles have been deemed acts of domestic terrorism by the Justice Department.