Tesla has reported that it delivered 384,122 vehicles during Q2, 2025, a 59,834-unit year-over-year decline. However, the company’s stock jumped over 4% by afternoon, likely due to the slightly better-than-expected results.

Traders should now watch $250 as the next key level. A drop to that price would represent a 20% pullback from recent highs and return the stock to its longer-term bear market trendline. That target is likely to be tested within the next two weeks, barring any sharp reversal in Musk’s focus or tone.

After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 2025. And while the stock performed marginally better in Q2, the largest U.S. EV-maker slid into Q3. Over the past five days,

Tesla reported another year-over-year decline in vehicle deliveries as the company faces increased competition from lower-cost rivals.

Tesla also said that it delivered a total of 384,122 vehicles, including 373,728 Model 3 and Model Y vehicles, as well as 10,394 other vehicles — a 14 percent decline compared to the second quarter of 2024, when it delivered 443,956 vehicles. (For a direct-to-consumer company like Tesla, deliveries are a proxy for sales.)

Shares in Tesla rose 5% in afternoon trading, even after Elon Musk's company said global vehicle sales fell more than 13% in the second quarter. Get the full story:

Key Points Tesla stock fell after Dan Ives issued a report saying Elon Musk's new political party was "exactly the opposite" thing investors want.The longtime Tesla bull says Musk is risking a $1 trillion opportunity in autonomous vehicles.