Tesla reported record vehicle deliveries last quarter, shortly before a United States tax credit for electric vehicle buyers expired.
The company delivered 497,099 vehicles, up from 462,890 year-over-year and beating FactSet estimates of 447,600. A US$7,500 (A$11,370) incentive to buy new plug-in or fuel cell electric vehicles ended on 30 September, the last day of the quarter.
“In the third quarter, we produced over 447,000 vehicles, delivered over 497,000 vehicles and deployed 12.5 GWh of energy storage products – a record for both deliveries and deployments,” wrote Tesla.
Tesla does not disclose its deliveries per region. Tesla electric vehicle registrations in the European Union fell by 36.6% in August, according to the European Automobile Manufacturers’ Association.
In the U.S., vehicle sales are set for a new record this year, as consumers rushed to buy ahead of the tax credit’s expiry and potential tariff-related price increases.
Cox Automotive projects total new U.S. vehicle sales will be in the range of 15.8-16.4 million this year, with a 16.1 million baseline. Around 16 million were sold in the country last year.
Ford, General Motors, and Hyundai all similarly reported record electric vehicle sales last quarter.
Across 2025’s first three quarters, Tesla reported around 1.2 million deliveries, falling 6% from the same period in 2024.
Tesla’s production declined year-over-year last quarter, dropping from 460,796 vehicles to 447,450. The company previously said it would have a limited supply of vehicles in the U.S. during the quarter as it reconfigured its supply chains amid U.S. tariffs.
Tesla’s (NASDAQ: TSLA) share price closed at $436.00, down from its previous close at $459.46. Its market capitalisation is $1.37 trillion.
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