特斯拉：2025年交付163.6万辆电动车，储能业务同比增长48.7%

Core Insights - Tesla reported a total production of approximately 1.655 million electric vehicles and deliveries of about 1.636 million for the year 2025, with a significant increase in energy storage installations [1][5][7] - In Q4 2025, Tesla produced around 434,000 electric vehicles and delivered approximately 418,000, achieving a record quarterly energy storage installation of 14.2 GWh, reflecting a 13% quarter-over-quarter growth [1][6] Production and Deliveries Summary - For Q4 2025, the production and delivery breakdown is as follows: - Model 3/Y: 422,652 produced, 406,585 delivered, with 3% subject to operating lease accounting - Other models: 11,706 produced, 11,642 delivered, with 5% subject to operating lease accounting - Total: 434,358 produced, 418,227 delivered, with 3% subject to operating lease accounting [2][6] - For the entire year 2025, the production and delivery figures are: - Model 3/Y: 1,600,767 produced, 1,585,279 delivered - Other models: 53,900 produced, 50,850 delivered - Total: 1,654,667 produced, 1,636,129 delivered [4][7] Energy Storage and Infrastructure - Tesla's energy storage installations reached 46.7 GWh for the year, marking a 48.7% year-over-year increase [1][5] - The Supercharger network expanded by 18% in 2025, and the global installation of Powerwall surpassed one million units [1][5] - Tesla's advanced driver-assistance system has reduced the rate of major collision incidents to one-eighth of the average on U.S. roads [1][5]