Particle.news
Download on the App Store
30 ARTICLES
·
1h ago

Tesla Sets Quarterly Record With 497,099 Deliveries After U.S. EV Credit Rush

The surge reflects U.S. buyers racing to beat the now-expired $7,500 incentive.

Image
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
Image

Overview

  • Tesla produced 447,450 vehicles in Q3 and delivered roughly 50,000 more than it built, reducing accumulated inventory.
  • Deliveries far exceeded analyst estimates near 443,000–448,000, driven by purchases ahead of the September 30 federal credit cutoff.
  • Analysts expect a demand pull-forward, with some forecasting weaker Q4 sales after the incentive’s removal and a broader EV market slowdown.
  • Tesla reported a record 12.5 GWh of energy storage deployments, highlighting ongoing growth in its energy business.
  • Shares rose in early trading after the report following a 33% September rally, as investors weigh an AI and robotics pivot and await Q3 financials on October 22.