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29m ago

Tesla Sets Quarterly Delivery Record as U.S. EV Credit Expires

Analysts now expect a sharp fourth-quarter slowdown as buyers pulled purchases forward.

A view of Tesla Supercharger in Katowice, Poland on July 24, 2025. © Photo by Jakub Porzycki/NurPhoto via Getty Images
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Tesla vehicles line a parking area at the company's Fremont, California, factory on August 5.
The EV Tax Credit Is Dead. Here's 5 Predictions For What Happens Next: Industry Outlook

Overview

  • Tesla delivered 497,099 vehicles in Q3 2025, a company record that topped consensus estimates of roughly 443,000.
  • The company produced 447,450 units, so deliveries outpaced output and pared inventories built earlier this year.
  • The surge was driven largely by U.S. buyers rushing to beat the $7,500 federal EV tax credit’s September 30 expiration.
  • Forecasts point to weaker Q4 demand and ongoing regional pressure, with Europe down 22.5% year over year and Chinese rivals such as BYD gaining share.
  • Investors are betting on Musk’s AI and robotics push as shares jumped about 33% in September, with Q3 financial results due October 22 and a shareholder vote on a potential $1 trillion CEO award expected in early November.