Tesla reports 358,000 first-quarter vehicle deliveries

CNBC
2026.04.02 13:10

Tesla reported 358,023 vehicle deliveries in Q1 2026, showing signs of recovery after two years of declining deliveries. This figure surpassed analysts' expectations of 370,000. The Model 3 and Model Y accounted for the majority of deliveries. Tesla's total deliveries for 2025 fell to 1.64 million, down from 1.79 million in 2024. The company has shifted focus to new products like the Cybercab and Optimus robots, while ending production of the Model S and X. The Cybertruck and Semi are also part of Tesla's future plans.

A Tesla car dealership stands in Manhattan, New York City, on June 5, 2025.

Spencer Platt | Getty Images

Tesla posted its vehicle deliveries and production report for the first quarter of 2026, showing signs of recovery after annual declines in the past two years.

Here are the key numbers:

  • Total Q1 vehicle deliveries: 358,023
  • Total Q1 vehicle production: 408,386

Analysts were expecting 370,000 deliveries, according to StreetAccount estimates, while a company-compiled consensus by Tesla, published on March 26, said the average estimate was for 365,645 deliveries in the first quarter.

In the same quarter a year ago, Tesla reported deliveries of 336,681, which marked a decline of 13% over the first quarter of 2024. Tesla's total deliveries for 2025 fell to 1.64 million from 1.79 million in 2024.

Tesla's entry-level Model 3 sedan and most popular Model Y SUVs accounted for 341,893 for the quarter, the company said in the latest report. Deliveries are the closest approximation of sales reported by Elon Musk's EV maker, but are not precisely defined in the company's shareholder communications.

While Musk has been refocusing the company to produce a driverless Cybercab and Optimus humanoid robots, Tesla has yet to sell those products and still relies on auto sales for the bulk of its revenue. In January, Tesla announced it was ending production of its flagship Model S and X vehicles, and would use the factory lines where they were assembled in Fremont, California, to build Optimus robots.

The S and X had long been in decline for Tesla. The 3 and Y accounted for 97% of the company's deliveries last year.

Musk said in a post on his social network X on Wednesday that orders of the S and X have "come to an end," but some were left in inventory. "We will have an official ceremony to mark the ending of an era. I love those cars," he added.

The angular, steel Cybertruck, which Tesla started delivering to customers in late 2023, has not become a mainstream success. Tesla is poised to ramp up deliveries of its fully electric Semi in 2026, a class 8 truck with a promised range of 500 miles.

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