Overview
- Tesla delivered 497,099 vehicles in Q3, a record driven by U.S. buyers rushing to secure the $7,500 EV tax credit before its September 30 expiration.
- Deliveries of the new lower-priced Model Y Standard have started less than three weeks after its October 8 launch, following similar ‘Standard’ trims for the Model 3.
- Tesla rolled out limited-time U.S. lease discounts through the end of October—Model 3 RWD at $329 per month, Model Y Long Range at $449, and Cybertruck AWD at $699—with prices set to rise on November 1.
- Analysts see sustained margin pressure from cheaper variants and incentives, with automotive gross margin excluding credits estimated around 15.5%–17% and attention on whether regulatory-credit revenue has dried up.
- Wall Street expects revenue near $26–27 billion and EPS around the mid‑50‑cent range, with the earnings call focused on robotaxi, Full Self-Driving progress, and demand trends after the tax credit sunset.