Overview

• Tesla produced about 447,450 vehicles in Q3, trailing deliveries and indicating an inventory drawdown from earlier in the year.
• Model 3 and Model Y dominated volumes with 481,166 deliveries and 435,826 builds, while Model S, Model X and Cybertruck totaled 15,933 deliveries.
• Energy storage deployments reached a record 12.5 GWh, highlighting momentum in the company’s battery business.
• European performance weakened further, with EU registrations down 36.6% in August year over year and market share near 1.2%.
• Analysts had expected roughly a 5% drop, making the 7.4% year‑over‑year delivery increase a surprise as attention turns to Tesla’s Oct. 22 earnings release.