Tesla hits 10 million vehicles — but its EV growth has stalled
Complete. Here is the key summaryTesla announced the production of its 10 millionth all-electric vehicle, a historic milestone for the automaker. However, this achievement arrives later than previously promised and coincides with stalled growth. After years of targeting 50% annual growth, Tesla experienced its first annual delivery decline in 2024 and a further 9% drop in 2025, marking two consecutive years of decreasing output despite having excess capacity.
Tesla has built its 10 millionth vehicle, the company announced this week. Ten million all-electric cars is a real milestone, and no other automaker has done it.
But it’s arriving later than Tesla once promised, and the company is now building well under the capacity it already has.
The 50% growth that just stopped
For years, Tesla guided investors toward roughly 50% average annual growth in production and deliveries. Elon Musk repeated that target on call after call. And for a while, the numbers backed it up.
Then it stopped. Tesla peaked at 1.81 million deliveries in 2023. In 2024, it posted its first-ever annual decline, at about 1.79 million. In 2025, deliveries fell again to 1,636,129, down 9% year over year. That’s two straight years of decline, and 2026 is so far not much better.