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5m ago

Tesla Sets Record With 497,099 Q3 Deliveries as Tax-Credit Deadline Spurs U.S. Rush

A pre-expiration scramble for the $7,500 federal EV credit drove the outperformance.

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

  • Deliveries rose 7.4% year over year to 497,099, topping Wall Street estimates around 443,000–448,000 and marking Tesla’s best quarter on record.
  • Production totaled 447,450, roughly 50,000 fewer than deliveries, which helped reduce inventory; Model 3/Y made up 481,166 units as “other models” fell to 15,933.
  • Analysts attribute the surge to buyers seeking the expiring U.S. incentive and widely expect a sales slowdown in the fourth quarter.
  • Europe remains a weak spot, with August registrations down about 22.5% year over year and market share slipping as Chinese brands and plug-in hybrids gain ground.
  • Investors now look to Q3 financials on October 22 and a November 6 vote on a proposed CEO award, as Tesla emphasizes AI, robotaxis and robotics alongside lower-cost vehicle plans.