Overview

• Tesla delivered 497,099 vehicles in Q3 on production of 447,450, clearing roughly 50,000 units of inventory.
• Model 3 and Model Y made up 481,166 deliveries, while Model S, Model X and Cybertruck fell to 15,933, about 30% lower year over year.
• The $7,500 federal EV tax credit expired on September 30 after heavy promotions, and analysts widely expect a Q4 slowdown following the pull‑forward.
• Regional weakness persists in Europe, where Tesla’s sales fell 22.5% year over year, reflecting share losses to established rivals and Chinese brands.
• Tesla reported a record 12.5 GWh of energy‑storage deployments and is expanding limited robotaxi pilots, with a shareholder vote next month on a milestone‑based CEO pay plan reportedly worth up to $1 trillion.