Te precipitates are one of principal defects that form during cooling of melt-grown CdTe or CZT crystals when grown Te-rich. Many factors such as the kinetic properties of intrinsic point defects (vacancy, interstitial, and antisite defects); stresses associated with the lattice mismatch between precipitate and matrix; temperature gradients and extended defects (dislocations, twin and grain boundaries); non-stoichiometric composition; thermal treatment history all affect the formation and growth/dissolution of Te precipitates in CdTe. A good understanding of these effects on Te precipitate evolution kinetics is technically important in order to optimize material processing and obtain high-quality crystals. This research develops a phase-field model capable of investigating the evolution of coherent Te precipitates in a Te-rich CdTe crystal undergoing cooling from the melt. Cd vacancies and Te interstitials are assumed to be the dominant diffusing species in the system, which is in two-phase equilibrium (matrix CdTe and liquid Te inclusion) at high temperatures and three-phase equilibrium (matrix CdTe, Te precipitate, and void) at low temperatures. Using available thermodynamic and kinetic data from experimental phase diagrams and thermodynamic calculations, the effects of Te interstitial and Cd vacancy mobility, cooling rates and stresses on Te precipitate, and void evolution kinetics are investigated.