Tesla deliveries rise 7% before EV tax credits expire
Investment
CNBC

Tesla deliveries rise 7% before EV tax credits expire

Why This Matters

Tesla's third-quarter deliveries got a boost as some consumers rush to buy electric vehicles before a federal tax credit expired.

October 2, 2025
02:08 PM
3 min read
AI Enhanced

In this articleTSLA your favorite stocksCREATE FREE ACCOUNTTesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas.Brandon Bell | Getty ImagesTesla reported quarterly vehicle deries up 7% over the year prior for the period Tuesday, the same day that a key tax credit for buyers of electric vehicles in the U.S.

expired.Here are the key numbers:Total deries Q3 2025: 497,099Total duction Q3 2025: 447,450s sank Thursday ing the report. Tesla plans to investors on its third-quarter financial results on Oct.

22.The company reported 462,890 total deries in the third quarter of 2024.

Tesla saw a decline in duction this quarter compared to the 469,796 vehicles duced last year.The Elon Musk-led company was expected to report around 447,600 deries, according to estimates compiled by FactSet.An independent reer who publishes as Troy Tes on Patreon predicted 481,000 deries for the quarter.

Tesla distributed a company-compiled consensus on Sept. 26, which said analysts were expecting 443,079 deries.The company doesn't break out sales and duction by model or region.

However, Tesla said it duced 435,826 of its most Model 3 and Model Y cars.

Deries are the closest apximation of vehicle sales reported by Tesla but are not precisely defined in the company's holder communications.Tesla's third quarter was hampered by a continuing sales slump in Europe driven partly by consumer backlash against Musk and his incendiary political rhetoric and activism, as well by competition from EV makers Volkswagen and BYD, which are picking up market .The slowdown in Europe was partially offset in the U.S., where buyers rushed to purchase EVs ahead of the expiration of a federal tax credit, which as part of President Donald Trump's spending bill passed in July.Earlier this week, Ford said sales of its all-electric vehicles increased by 30.2% during the period to help it notch a fresh quarterly record of more than 30,600 units, still lagging far behind Tesla.Tesla's stock price has been on a tear of late, jumping 40% in the third quarter and turning positive for the year ing a brutal first three months of 2025.

As of Wednesday's close, the stock is up 14% this year, compared to the Nasdaq's 18% gain.In the second quarter, Tesla reported 384,122 deries, a 14% year-over-year decline and the second straight quarterly drop.In Tesla's energy , the company said it deployed 12.5 GWh of its storage ducts, including its Megapack and new Megablock systems, which are backup batteries that store energy alongside es or utility-scale facilities.Musk's xAI has been a big buyer of Tesla's battery energy storage systems in recent quarters.Tesla's Megapacks generally store electricity duced by renewable sources, wind turbines or solar panels, for later use.

They can also store electricity duced during lower-demand periods to be used during peak hours, helping defray some of the costs.The company said it deployed 9.6 GWh of energy storage ducts in the second quarter of 2025, and 6.9 GWh of energy storage ducts during the third quarter of last year.WATCH: U.S.

EV tax credit ending will be long-term win for Teslawatch now4:0004:00U.S. EV tax credit ending will be a long-term win for Tesla, says Deepwater's Gene MunsterPower Lunch

FinancialBooklet Analysis

AI-powered insights based on this specific article

Key Insights

  • The Federal Reserve's actions could influence market sentiment across sectors
  • Earnings performance can signal broader sector health and future investment opportunities
  • Financial sector news can impact lending conditions and capital availability for businesses

Questions to Consider

  • How might the Fed's policy stance affect borrowing costs and economic growth?
  • Could this earnings performance indicate broader sector trends or company-specific factors?
  • Could this financial sector news affect lending conditions and capital availability?

Stay Ahead of the Market

Get weekly insights into market shifts, investment opportunities, and financial analysis delivered to your inbox.

No spam, unsubscribe anytime