US EditionTesla to book best quarter of 2025 as buyers rush before EV credit expiry
Tesla's Q3 deliveries rose 29% from Q2 to 497,099 vehicles as buyers rushed to claim the $7,500 federal electric vehicle tax credit before it expired.
- Tesla reported a record quarter with 497,099 deliveries in Q3 2025 as buyers rushed to use the $7,500 federal EV tax credit before it expired, the company said Thursday.
- The $7,500 federal EV tax credit expired under President Donald Trump's July spending bill, prompting Cox Automotive to forecast EVs would reach 10% of U.S. vehicle sales this quarter.
- Estimates and production figures showed divergence, with Troy Teslike projecting 481,000 deliveries while a company-compiled consensus expected 443,079 and production declined from 469,796 vehicles in Q3 2024 to around 447,600.
- Investors responded to the delivery boost as Tesla's stock jumped 40% in the third quarter and the company said it may still deliver more cars this year than last.
- Regional weakness and competition held back Tesla's quarter in Europe amid consumer backlash against Elon Musk and rivalry from Volkswagen and BYD, while a lower-cost Model Y near $30,000 is expected this year.
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For months, Tesla only recorded declining sales figures. Now, Elon Musk's company can look forward to a positive quarterly balance sheet in the US – at least for the moment.
LA Daily News
Tesla reports surprise increase in sales in third quarter
NEW YORK (AP) — Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. Related Articles Navigating Now: How Gen Xers can survive the surge in costs of aging parent care and child care US stocks drift near their records as tech keeps rising and Wall Street keeps ignoring D…
Daily Journal
Tesla sales rose 7% in the third quarter as a rush by customers to use an expiring $7,500 EV credit provided a boost (CORRECTS: A previous APNewsAlert erroneously said the EV credit was $75,000)
Tesla sales rose 7% in the third quarter as a rush by customers to use an expiring $7,500 EV credit provided a boost (CORRECTS: A previous APNewsAlert erroneously said the EV credit was $75,000).
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