"Tesla delivered 497,000 vehicles in the third quarter, a jump of more than 100,000 cars compared to its second quarter, and some 37,000, or over 7%, more than in Q3 2024. Wall Street analysts had forecast that Tesla would deliver around 440,000 vehicles in the quarter. Alongside delivery numbers, the EV giant also said it had produced more than 447,000 vehicles in the quarter, down roughly 22,000 from the third quarter of 2024."
"Q3 2025 represents a brief reprieve for a company that has been embattled with declining sales for the past two quarters - a 13% year-over-year decline in Q1 and a 13.5% year-over-year decline in Q2. Tesla's issues for the year have many faces. A mixture of Tesla's production challenges, slowing demand for EVs overall, and a branding issue due to the CEO's politics - which may have hit European markets the hardest - created the perfect storm."
"The expiration of the $7,500 EV tax credit on September 30 meant customers rushed to buy new cars. For the third quarter, analysts say the expiration of the $7,500 EV tax credit - essentially a discount for consumers - on Tuesday created a short-term demand for Tesla's cars. Tesla and legacy automakers have made an aggressive push to get EVs off their lots in recent months. On its website, Tesla put up a countdown clock for"
Tesla delivered 497,000 vehicles in the third quarter and produced more than 447,000 vehicles in the same period. Deliveries rose sharply from the second quarter and were about 7% higher than Q3 2024, beating Wall Street forecasts of roughly 440,000. Earlier quarters showed year-over-year declines of 13% in Q1 and 13.5% in Q2. Declines stemmed from production challenges, slowing EV demand, and branding weakness linked to the CEO's political stance, which affected European sales most. Policy uncertainty and shrinking regulatory-credit revenue added pressure. The expiration of the $7,500 EV tax credit triggered a short-term buying surge as automakers pushed EVs off lots.
Read at Business Insider
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