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1h ago

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

Analysts say a pre‑deadline rush for the $7,500 incentive powered the beat, with a pullback likely in the fourth quarter.

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, a 7.4% year‑over‑year increase that topped estimates of roughly 443,000, while producing 447,450 units.
  • Model 3 and Model Y accounted for 481,166 deliveries, and total deliveries outpaced production by about 50,000 vehicles, reducing built‑up inventory.
  • The surge was fueled by U.S. buyers racing to use the expiring $7,500 federal EV credit, supported by discounts and financing offers promoted by Tesla.
  • Europe remained a weak spot, with sales in Europe and the UK down about 22.5% from a year earlier as rivals pushed plug‑in hybrids and Chinese brands gained share.
  • Tesla will report Q3 financials on October 22, and shareholders are set to vote November 6 on a proposed CEO award tied to AI and robotics milestones that could be worth up to $1 trillion if targets are met.