Overview

• Tesla delivered 497,099 vehicles in the third quarter, up 7% year over year and its first annual increase of 2025.
• The tally beat forecasts from FactSet at 447,600 and independent tracker Troy Teslike at 481,000.
• Quarterly production fell 5% to 447,450 vehicles, creating a sharp gap between output and deliveries.
• Strength centered on the lower-priced Model 3 and Model Y at 481,166 combined, with Europe lagging badly based on ACEA data showing deep year-to-date declines.
• With the federal $7,500 EV credit removed by the Trump administration, analysts warn of a likely Q4 slowdown; Tesla shares turned lower later Thursday and detailed Q3 results arrive October 22.